Contract Awarded to Foster Wheeler by Kuwait Petroleum in The Netherlands.
HAMILTON, Bermuda--(BUSINESS WIRE)--Sept. 23, 2002
Foster Wheeler Ltd. (NYSE:FWC) announced today that its Milan-based subsidiary, Foster Wheeler Italiana S.p.A., has been awarded a contract by Kuwait Petroleum Europoort for the revamp of a vacuum unit and some hydrodesulfurization units at its refinery at Europoort, near Rotterdam, The Netherlands.
The contract calls for Foster Wheeler to provide engineering, procurement, construction management and supervision (EPCm) services. Work on the project has already begun and is scheduled for completion in autumn 2003.
"Foster Wheeler has executed many projects in the past 30 years for Kuwait Petroleum and this is the latest in a series we have done for Kuwait Petroleum Europoort," said Umberto della Sala, president and CEO of Foster Wheeler Continental Europe. "The revamp work will enable the refinery to operate more efficiently and also meet the European Union's more stringent specifications on diesel fuel."
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