Fluor Awarded Kuwait’s Al-Zour Contracts
October 13 2015 - 6:48AM
Business Wire
Fluor Corporation (NYSE: FLR) announced today that its joint
venture team was selected by Kuwait National Petroleum Company
(KNPC) as the preferred bidder for two engineering, procurement and
construction (EPC) packages. Facilities in the two packages will
include a variety of key process units, utilities and
infrastructure for the new Al-Zour oil refinery project in Kuwait
that is expected to produce 615,000 barrels-per-day. Fluor booked
its $2.6 billion portion of the contract in the third quarter of
2015.
Fluor is leading the joint venture, known as FDH JV, which
consists of Fluor, Daewoo Engineering and Construction, and Hyundai
Heavy Industries. The FDH JV is currently executing one package in
the KNPC Clean Fuels project and will begin activities on the newly
awarded Al-Zour packages soon.
“Fluor is proud to continue our long-standing relationship with
KNPC, which spans more than five decades, and to become part of
this prestigious and strategically important Al-Zour project,” said
Taco de Haan, president of Fluor’s Energy & Chemicals Europe,
Africa and Middle East business line. “From the onset, and
throughout every phase of the project, our focus will be on the
safe and efficient construction, commissioning and start-up of this
new refinery.”
The Al-Zour refinery complex will be built on a greenfield site
located south of Kuwait City. When completed, the new complex is
expected to be one of the largest refineries in the world.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is a global engineering and
construction firm that designs and builds some of the world's most
complex projects. The company creates and delivers innovative and
integrated solutions for its clients in engineering, procurement,
fabrication, construction, maintenance and project management on a
global basis. For more than a century, Fluor has served clients in
the energy, chemicals, government, industrial, infrastructure,
mining and power market sectors. Headquartered in Irving, Texas,
Fluor ranks 136 on the FORTUNE 500 list. With 40,000 employees
worldwide, the company's revenue for 2014 was $21.5 billion. For
more information, visit www.fluor.com or follow us on Twitter
@FluorCorp.
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