Foster Wheeler awarded engineering & supply contract for Nizhnekamsk complex

01-Aug-08

Foster Wheeler Ltd.'s Milan-based subsidiary Foster Wheeler Italiana S.p.A, has been awarded a contract for the supply of fired heaters for the Nizhnekamsk integrated refinery and petrochemicals complex in the Republic of Tatarstan, Russian Federation. The contract was awarded by Open Joint-Stock Company "TANECO," a unit of Russian oil company Tatneft. The terms of the contract, which will be included in Foster Wheeler's second-quarter 2008 bookings, were not disclosed. Foster Wheeler Italiana will engineer and supply the materials for two furnaces for the hydrocracking unit, and a charge heater and three interheaters for the continuous catalytic reformer unit. OJSC TANECO is the new name of CJSC Nizhnekamsk Refinery for whom Foster Wheeler has already successfully completed the front-end engineering design for the new complex and the process design package for the delayed coker. In addition, at the end of 2007, Foster Wheeler Italiana was also awarded a contract for the detailed engineering of two heaters for the new delayed coker. "We are indeed very pleased to be awarded these contracts by TANECO," said Marco Moresco, chief executive officer, Foster Wheeler Italiana. "The excellent relationship we have already established with Nizhnekamsk Refinery is demonstrated by these additional awards." These contracts are expected to be completed by the end of 2009. Company Press Release