CB&I Awarded Contract for Afipsky Oil Refinery Project

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THE WOODLANDS, Texas, April 20, 2015 /PRNewswire/ -- CB&I CBI today announced it has been awarded a contract by NefteGazIndustriya, LLC, through project developer MAVEG GmbH, to provide engineering and procurement services for the Afipsky Oil Refinery in Krasnodar, Russia.

CB&I's project scope includes early detail engineering and procurement services for multiple new process units, including a 2.5 million ton per annum hydrocracker unit licensed by Chevron Lummus Global, a joint venture between CB&I and Chevron, as well as hydrogen and sulfur units licensed by CB&I and other associated units. CB&I previously announced it is providing technology and FEED services.

"This award follows on the successful delivery of the front end engineering and design of the Afipsky Oil Refinery," said Patrick K. Mullen, President of CB&I's Engineering, Construction and Maintenance operating group. "The contract is a reflection of NefteGazIndustriya's confidence in our ability to offer our customers a more complete supply chain solution--showcasing our expertise in technology as well as engineering, procurement and construction management."

About CB&I
CB&I CBI is the most complete energy infrastructure focused company in the world and a major provider of government services. With 125 years of experience and the expertise of approximately 54,000 employees, CB&I provides reliable solutions while maintaining a relentless focus on safety and an uncompromising standard of quality. For more information, visit www.cbi.com

Important Information For Investors And Shareholders

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements regarding CB&I and represents our expectations and beliefs concerning future events. These forward-looking statements are intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties. When considering any statements that are predictive in nature, depend upon or refer to future events or conditions, or use or contain words, terms, phrases or expressions such as "achieve," "forecast," "plan," "propose," "strategy," "envision," "hope," "will," "continue," "potential," "expect," "believe," "anticipate," "project," "estimate," "predict," "intend," "should," "could," "may," "might" or similar forward-looking statements, we refer you to the cautionary statements concerning risk factors and "Forward-Looking Statements" described under "Risk Factors" in Item 1A of our Annual Report filed on Form 10-K filed with the SEC for the year ended December 31, 2014, and any updates to those risk factors or "Forward-Looking Statements" included in our subsequent Quarterly Reports on Form 10-Q filed with the SEC, which cautionary statements are incorporated herein by reference.

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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cbi-awarded-contract-for-afipsky-oil-refinery-project-300068147.html

SOURCE CB&I

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Posted In: Press Releases
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