Foster Wheeler bags refinery expansion contract in Venezuela

Foster Wheeler bags refinery expansion contract in Venezuela

11:35 AM, 20th July 2012
Foster Wheeler bags refinery expansion contract in Venezuela

ZUG, SWITZERLAND: Foster Wheeler’s Global Engineering and Construction subsidiary has been awarded a contract by PDVSA Petroleo SA for the engineering, procurement services and construction management (EPCm) for the El Palito refinery expansion project in Venezuela. Foster Wheeler will execute the project in consortium with Toyo Engineering Corporation from Japan and Y&V Ingenieria y Construccion from Venezuela.

The expansion is intended to double the refinery’s capacity to 280,000 barrels per stream day, processing heavy and extra-heavy crudes from the Orinoco belt, and increasing production of clean fuels. The project is expected to be completed during 2016.

“Foster Wheeler and PDVSA have, over the years, built a strong working relationship, based on the excellence of our project execution and our world-class technical expertise. This relationship, together with our proven ability to execute complex projects and our heavy crude expertise, was key to our success in winning this project,” said Umberto della Sala, Chief Operating Officer, Foster Wheeler.

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