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Comment Business & Economics

Foster Wheeler awarded PMC contract for clean-fuels project in Kuwait  

By Gerald Ondrey |

Foster Wheeler AG (Zug, Switzerland; www.fwc.com) says that its Global Engineering and Construction Group has been awarded a project management and consultancy (PMC) services contract by Kuwait National Petroleum Co. (KNPC) for its Clean Fuels Project at the Mina Al-Ahmadi and Mina Abdullah Refineries in Kuwait. The Foster Wheeler scope revenue value of the contract is $500 million and will be included in the company’s fourth-quarter 2012 bookings. KNPC’s Clean Fuels Project is a major upgrade and expansion of the Mina Al-Ahmadi and Mina Abdullah Refineries to increase their combined throughput by 264,000 barrels per stream day (bpsd) to 800,000 bpsd. The objective is to increase conversion of fuel oil to higher value products in order to meet expected market demand and tighter specifications (1%) for the sulfur content of transportation fuels. Foster Wheeler’s scope of work includes the provision of project management services during the tendering phase for the main EPC contracts, and management of the EPC contractors through to completion of performance testing. The Clean Fuels Project is expected to be completed during the second quarter of 2018.    
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