Fluor Selected By Sasol to Upgrade South African Refinery

December 22, 2004

Fluor Corporation (NYSE: FLR) today announced that it has been selected by Sasol Ltd., to provide engineering, procurement and construction management services at its Natref refinery near Sasolburg, South Africa. Contract value to Fluor was not disclosed and was booked in the company's third quarter.

The project will upgrade the refinery to produce diesel fuel with reduced sulfur content, in compliance with stricter South African clean fuels standards. Major construction is planned to begin early in 2005.

"Fluor has been working with Sasol for decades, and we're pleased to continue that relationship on this project. We look forward to providing value-added service to help Sasol meet their clean fuels compliance needs, an area in which Fluor is a global leader," said Jeff Faulk, president of Fluor's Energy & Chemicals group.

Based in South Africa and operating in more than 30 other countries, Sasol is the leading provider of liquid fuels in South Africa and a major international producer of chemicals.

Fluor Corporation (NYSE: FLR) provides services on a global basis in the fields of engineering, procurement, construction, operations, maintenance and project management. Headquartered in Aliso Viejo, Calif., Fluor is a FORTUNE 500 company with revenues of nearly $9 billion in 2003. For more information, visit www.fluor.com.

Jerry Holloway/Leann Vandergrift
Media Relations
949.349.7411/7420

Lila Churney
Investor Relations
949.349.3909 tel
949.349.5375 fax

Media Relations, Jerry Holloway, +1-949-349-7411, or LeannVandergrift, +1-949-349-7420, or Investor Relations, Lila Churney,+1-949-349-3909, or fax, +1-949-349-5375, all of Fluor Corporation//Web site: http://www.fluor.com /