Bouygues Offshore Press Release.SAINT-QUENTIN, France--(BUSINESS WIRE)--December 4, 1996-- DEVELOPMENT IN MARITIME AND RIVERWORKS: 65 MILLION DOLLAR CONTRACT FOR BOUYGUES OFFSHORE IN THE BLACK SEA ARRANGEMENT OF A FRENCH EXPORT CREDIT IN LEBANON Bouygues Offshore (NYSE NYSE See: New York Stock Exchange :BWG BWG Bankwesengesetz (Federal Law on Banking, Austria) BWG Beam Waveguide (antenna) BWG Bundesamt für Wasser und Geologie (Federal Office for Water and Geology, Switzerland) ) and JSC JSC Johnson Space Center (NASA) JSC Joint Stock Company JSC Java Studio Creator JSC Joint Steering Committee JSC Joint Standing Committee JSC Journal of Symbolic Computation JSC Joint Scientific Committee Onako Terminal, a subsidiary of the Russian oil group Onako, have just signed a construction contract to double the size of the Sheskharis oil terminal located in the Novorossiysk port, the largest in the Black Sea, especially in terms of oil export. Following completion of the project, the loading capacity of Sheskharis terminal will be increased from 15 million to 30 million tonnes/year. The works entrusted to Bouygues Offshore are worth approximately 65 million dollars and are expected to last 17 months. This project was examined by the Franco-Russian Intergovernmental in·ter·gov·ern·men·tal adj. Being or occurring between two or more governments or divisions of a government. in Commission which met in Paris on 26 November 1996. The project's financing should be arranged and the contract come into force at the end of the first quarter of 1997. Bouygues Offshore will provide its international expertise in the field of design, construction and commissioning of oil terminals. Furthermore, a banking pool led by Paribas and Banque Indosuez has granted a French export credit of US$ 100 million to the Solidere company. In June 1996, Bouygues Offshore, in partnership with Bouygues, was awarded the Sea Front design-and-build contract in Beirut by Solidere, a company formed in 1994 in charge of reconstructing the centre of the Lebanese capital. Bouygues Offshore's share of the total project amounts to about US$ 120 million. Bouygues Offshore is a leading international contractor serving the oil and gas industry for offshore-onshore turnkey projects. The Company also provides maintenance services, principally to oil refineries This is a list of oil refineries. The Oil and Gas Journal also publishes a worldwide list of refineries annually in a country-by-country tabulation that includes for each refinery: location, crude oil daily processing capacity, and the size of each process unit in the refinery. , petrochemical petrochemical, any one of a large group of chemicals derived from a component of petroleum or natural gas. The cracking processes for manufacturing gasoline produce vast quantities of gaseous hydrocarbons. facilities and offshore platforms, engages in high-end maritime and river-related civil works projects and designs and constructs liquefied natural gas liquefied natural gas: see under natural gas. Liquefied natural gas (LNG) A product of natural gas which consists primarily of methane. Its properties are those of liquid methane, slightly modified by minor constituents. import terminals as well as storage tanks. Bouygues Offshore generated turnover of 3.3 billion French francs in 1995. CONTACT: Press contact: Brian Maddox (212) 850-5600 or Bouygues Offshore Financial Department: (33.1) 30.60.89.09 |
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