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Fluor Awarded Kuwait’s Al-Zour Contracts
Public Company Information:
IRVING, Texas & KUWAIT CITY--(BUSINESS WIRE)--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.
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