Foster Wheeler Awarded Feasibility Study for Refinery Modernization in Albania

By Eddie Staley
Benzinga Staff Writer
January 31, 2012 8:34 AM

Symbols: FWLT

Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has been awarded a feasibility study by Albanian Refining & Marketing of Oil sh.a. (ARMO) relating to the modernization of two refineries, located at Ballsh and Fier in Albania.

The Foster Wheeler contract value was not disclosed and will be included in the company's fourth-quarter 2011 bookings.

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Foster Wheeler Awarded Feasibility Study for Refinery Modernization in Albania

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