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Technip Awarded Contract for Lotos' Refinery in Poland.


PARIS Paris, in Greek mythology
Paris or Alexander, in Greek mythology, son of Priam and Hecuba and brother of Hector. Because it was prophesied that he would cause the destruction of Troy, Paris was abandoned on Mt.
 -- Regulatory News:

Technip (Paris:TEC) (NYSE NYSE

See: New York Stock Exchange
:TKP TKP Türkiye Komünist Partisi (Communist Party of Turkey; formerly Sosyalist Iktidar Partisi, Party of Socialist Power)
TKP Tulajdonképpen (Hungarian)
TKP Tausender-Kontaktpreis
TKP Tamarind Kernel Powder
) (ISIN Isin (ĭs`ĭn), capital of an ancient Semitic kingdom of N Babylonia. The city became important after the third dynasty of Ur fell to the Elamites and the Amorites (c.2025 B.C.). The phase from c.2025–c.1763 B.C. :FR0000131708) has been awarded by Grupa Lotos S.A. a lumpsum turnkey contract worth approximately EU472 million for the Gdansk Refinery in Poland.

Technip's operations and engineering center in Rome (Italy) will execute the contract. This is the third contract signed by Technip in Poland in the last few months, reinforcing the presence of the Group in this country.

The contract covers the engineering, procurement, and construction of a new 45,000 barrels per stream day mild hydrocracking hy·dro·crack·ing  
n.
A process by which the hydrocarbon molecules of petroleum are broken into simpler molecules, as of gasoline or kerosene, by the addition of hydrogen under high pressure and in the presence of a catalyst.
 unit, based on Shell Technology.

This project is part of Lotos' development strategy whose objective is to increase the throughput capacity of the Gdansk refinery by approximately 75%, bringing it to 10.5 million tonnes of crude oil a year.

The project is scheduled for completion in the fourth quarter of 2010.

With a workforce of 22,000 people, Technip ranks among the top five corporations in the field of oil, gas and petrochemical engineering, construction and services. Headquartered in Paris, the Group is listed in New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 and Paris.

The Group's main operations and engineering centers and business units are located in France, Italy, Germany, the UK, Norway, Finland, the Netherlands, the USA, Brazil, Abu-Dhabi, China, India, Malaysia and Australia.

In support of its activities, the Group manufactures flexible pipes and umbilicals, and builds offshore platforms in its manufacturing plants and fabrication yards in France, Brazil, the UK, the USA, Finland and Angola, and has a fleet of specialized vessels for pipeline installation and subsea construction.
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Publication:Business Wire
Date:Jul 16, 2007
Words:254
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