Fluor
Corporation (NYSE: FLR) announced today that its joint venture team
was selected by Kuwait National Petroleum Company (KNPC) as the
preferred bidder for two engineering, procurement and construction (EPC)
packages. Facilities in the two packages will include a variety of key
process units, utilities and infrastructure for the new Al-Zour oil
refinery project in Kuwait that is expected to produce 615,000
barrels-per-day. Fluor booked its $2.6 billion portion of the contract
in the third quarter of 2015.
Fluor is leading the joint venture, known as FDH JV, which consists of
Fluor, Daewoo Engineering and Construction, and Hyundai Heavy
Industries. The FDH JV is currently executing one package in the KNPC
Clean Fuels project and will begin activities on the newly awarded
Al-Zour packages soon.
“Fluor is proud to continue our long-standing relationship with KNPC,
which spans more than five decades, and to become part of this
prestigious and strategically important Al-Zour project,” said Taco de
Haan, president of Fluor’s Energy & Chemicals Europe, Africa and Middle
East business line. “From the onset, and throughout every phase of the
project, our focus will be on the safe and efficient construction,
commissioning and start-up of this new refinery.”
The Al-Zour refinery complex will be built on a greenfield site located
south of Kuwait City. When completed, the new complex is expected to be
one of the largest refineries in the world.
About Fluor Corporation
Fluor
Corporation (NYSE: FLR) is a global engineering and construction
firm that designs and builds some of the world's most complex projects.
The company creates and delivers innovative and integrated solutions for
its clients in engineering, procurement, fabrication, construction,
maintenance and project management on a global basis. For more than a
century, Fluor has served clients in the energy, chemicals, government,
industrial, infrastructure, mining and power market sectors.
Headquartered in Irving, Texas, Fluor ranks 136 on the FORTUNE
500 list. With 40,000 employees worldwide, the company's revenue for
2014 was $21.5 billion. For more information, visit www.fluor.com
or follow us on Twitter @FluorCorp.
Fluor CorporationGlobal Media RelationsBrian Mershon, 469-398-7621orBrett Turner, 864-281-6976orInvestor RelationsGeoff Telfer, 469-398-7070orJason Landkamer, 469-398-7222orEAME Media RelationsJanet Kearns, +44 1252 292039/+44 7802 373466