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Technip Awarded Contract for Refinery Hydrotreating Unit in the US Virgin Islands.


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.
 -- Technip (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
) has been awarded, by Hovensa, a lump sum Lump sum

A large one-time payment of money.
 turnkey contract for a new hydrotreating unit to be located at its refinery in St. Croix, US Virgin Islands. The 495,000 barrels per stream day St. Croix Refinery is one of the world's largest refineries.

The 50,000 barrels per stream day low sulfur FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S.  (Fluid Catalytic Cracker) gasoline hydrotreater, based on ExxonMobil Research and Engineering Company's SCANfining(TM) process technology will produce low-sulfur gasoline in compliance with the new gasoline regulation in the USA.

Technip's engineering center in Rome (Italy) will carry out the contract, which covers the front-end and detail engineering, procurement and supply of equipment and materials, construction, pre-commissioning, commissioning and assistance to start-up. The project is slated to be completed in November 2006.

For Technip, this new award is a step towards further strengthening its presence in the Caribbean, after the successful completion of the vast modernization of the ISLA ISLA International Securities Lending Association (UK)
ISLA Information Services Latin America
ISLA Information Systems for Los Angeles
ISLA Indian Land Sailing Association
 Refinery in Curacao (Netherlands Antilles).

Hovensa is a joint Venture owned in equal parts by subsidiaries of PDVSA PDVSA Petroleos De Venezuela, SA  (the State-owned Venezuelan oil company) and Amerada Hess, a leading US oil company.

With a workforce of about 19,000 persons, 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 and Paris. The Group's main engineering and business centers are located in France, Italy, Germany, the UK, Norway, Finland, the Netherlands, the United States, Brazil, Abu-Dhabi, China, India, Malaysia and Australia. The Group has high-quality industrial and construction facilities in France, Brazil, the UK, the USA, Finland and Angola as well as a world-class fleet of offshore construction vessels.

Technip's shares trade on the following exchanges: (NYSE:TKP)(EURONEXT:FR0000131708).
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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 31, 2005
Words:295
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