THE WOODLANDS, Texas,
Aug. 14, 2017 /PRNewswire/ --
CB&I (NYSE:CBI) today announced it has been awarded a contract
by Técnicas Reunidas, S.A. for new product storage tanks that will
be part of a clean fuels expansion project at Saudi Aramco's
refinery in Ras Tanura, Saudi
Arabia.
CB&I's scope includes the engineering, procurement,
fabrication and construction of nine flat bottom tanks, as well as
modifications to numerous existing tanks, all of which were
previously supplied by CB&I. In support of Saudi Aramco's
In-Kingdom Total Value Add program, CB&I will provide all
fabrication and project management utilizing its local facilities
in Al-Khobar. The project will facilitate CB&I's ongoing
efforts to train, develop and employ Saudi Arab nationals in key
positions.
"This award reinforces our global relationship with Técnicas
Reunidas and builds on our nearly 80-year history of supporting
Saudi Aramco," said Luke V.
Scorsone, Executive Vice President of CB&I's Fabrication
Services operating group. "Beginning in 1938, CB&I has provided
nearly all of the product storage at the Ras Tanura facility."
About CB&I
CB&I (NYSE:CBI) is a leading provider of technology and
infrastructure for the energy industry. With more than125 years of
experience, CB&I provides reliable solutions to our customers
around the world while maintaining a relentless focus on safety and
an uncompromising standard of quality. For more information, visit
www.CBI.com.
Important Information For Investors And Shareholders
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements regarding
CB&I and represents our expectations and beliefs concerning
future events. These forward-looking statements are intended to be
covered by the safe harbor for forward-looking statements provided
by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve known and unknown risks and
uncertainties. When considering any statements that are predictive
in nature, depend upon or refer to future events or conditions, or
use or contain words, terms, phrases or expressions such as
"achieve," "forecast," "plan," "propose," "strategy," "envision,"
"hope," "will," "continue," "potential," "expect," "believe,"
"anticipate," "project," "estimate," "predict," "intend," "should,"
"could," "may," "might" or similar forward-looking statements, we
refer you to the cautionary statements concerning risk factors and
"Forward-Looking Statements" described under "Risk Factors" in Item
1A of our Annual Report filed on Form 10-K filed with the SEC for
the year ended December 31, 2016, and
any updates to those risk factors or "Forward-Looking Statements"
included in our subsequent Quarterly Reports on Form 10-Q filed
with the SEC, which cautionary statements are incorporated herein
by reference.
Investors: Scott Lamb, +1 832
513 1068, Scott.Lamb@CBI.com
Media: Gentry Brann, +1 832 513 1031,
Gentry.Brann@CBI.com
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SOURCE CB&I