Foster Wheeler Wins Contract for Thermal Gasoil Unit At Major Saudi Aramco Shell Refinery Facility.CLINTON, N.J.--(BUSINESS WIRE)--July 29, 1998--Foster Wheeler Corp. (NYSE NYSE See: New York Stock Exchange :FWC FWC Fish and Wildlife Conservation Commission (Florida) FWC Foster Wheeler Corporation (Clinton, NJ) FWC Family Winemakers of California FWC Fresh Water Cooling FWC Flight Warning Computer ) announced that Saudi Aramco Saudi Aramco, the state-owned national oil company of Saudi Arabia, is the largest oil corporation in the world and the world's largest in terms of proven crude oil reserves and production. Shell Refinery Company (SASREF) has awarded a contract to Foster Wheeler Italiana S.p.A. for a multi-million-dollar advanced technology thermal gasoil unit (TGU TGU Turkish Get Up TGU Tegucigalpa, Honduras - Toncontin (Airport Code) TGU The Great Unwashed (gaming) TGU Time Generation Unit TGU Technical Guidance Unit TGU Trace Generator Unit TGU Technique Generator Unit ). This TGU is a visbreaker/thermal cracker integrated with a gas turbine cogeneration system. Scope of the project for Foster Wheeler includes engineering and procurement of imported materials. The new TGU, to be built at SASREF's major export refinery in Jubail Industrial City, Saudi Arabia Saudi Arabia (sä  `dē ərā`bēə, sou`–, sô–), officially Kingdom of Saudi Arabia, kingdom (2005 est. pop. , will increase the conversion
capacity to fully match the refinery capacity of 310,000 bpd and is
expected to enhance the company's competitive marketing position
internationally.The environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] design of the new TGU will meet the prevailing stringent environmental regulations of the Royal Commission for Jubail and Yanbu. In addition, the gas turbine cogeneration system will reduce the refinery's demand for electricity from external sources. The thermal gasoil unit and power-producing gas turbine are scheduled to be completed in late 1999. Foster Wheeler Italiana, wholly owned by Foster Wheeler Corp. was founded in 1957. Today, it is one of the leading engineering companies in Italy, with a staff of more than 1,000 headquartered in Corsico/Milan. Foster Wheeler Italiana is currently working on projects in Argentina, Belgium, China, Germany, Greece, Italy, Kuwait, Malaysia, Russia, Saudi Arabia, Singapore, Switzerland, Turkey and Venezuela. Foster Wheeler Corp. is a global company offering a broad range of design, engineering, construction, manufacturing, project development and management, research, plant operations and environmental services The various combinations of scientific, technical, and advisory activities (including modification processes, i.e., the influence of manmade and natural factors) required to acquire, produce, and supply information on the past, present, and future states of space, atmospheric, . The corporation's headquarters are at Clinton. For more information about Foster Wheeler, visit our World-Wide Web site at www.fwc.com
CONTACT: Foster Wheeler Corp., Clinton
Harry Levy, 908/730-4448
or Richard C. Kroll 908/730-4444
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