Foster Wheeler Wins Contract for Supply of Nine Fired Heaters to Russian Refinery
Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by LLC KINEF, a subsidiary of the oil company Surgutneftegaz, for the engineering and material supply of nine fired heaters for the new High Octane Gasoline Compounds Production Complex to be built at the KINEF - Kirishinefteorgsyntez refinery in Kirishi, Leningradsky Region, Russia. The Kirishinefteorgsyntez refinery has a crude oil processing capacity of 230,000 barrels per stream day.
The value of Foster Wheeler's contract was not disclosed and will be included in the company's third-quarter 2013 bookings.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.