Foster Wheeler managed Iraq Crude Oil Export Expansion Project

Foster Wheeler managed Iraq Crude Oil Export Expansion Project

10:07 PM, 12th February 2012
Foster Wheeler managed Iraq Crude Oil Export Expansion Project

ZUG, SWITZERLAND: Foster Wheeler announced that the Iraq Crude Oil Export Expansion Project has achieved its ‘first oil ready for start-up’ milestone. This is a significant step towards Iraq’s planned increase in crude exports. This first phase of the expansion is intended to increase the country’s crude oil export capacity by 1.8 million barrels per day of additional production. A further increase of another 1.8 million barrels per day in Iraq’s export capacity is intended to be delivered on completion of phase 2 of the expansion. South Oil Company, a company under the Ministry of Oil of the Republic of Iraq, with Foster Wheeler's assistance, purchased long-lead items and free-issued these to the engineering, procurement and construction contractors in order to assure the schedule.

“We are proud to play a key role in realizing Iraq’s development vision. We have established an excellent working relationship with South Oil Company and Iraq’s Ministry of Oil, and this teamwork has been a key success factor in achieving this ‘first oil ready for start-up’ milestone. We have been executing projects in Iraq since the 1930s and we believe that this latest success demonstrates that we are committed to working, together with our clients in Iraq, to deliver project execution excellence,” said Umberto della Sala, Chief Operating Officer, Foster Wheeler.

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