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Fluor Wins Sibur Gas Processing Expansion Project in Russia

October 21, 2008

Fluor Corporation (NYSE: FLR) announced today that the company was awarded an engineering, procurement and construction management (EPCM) contract by the Sibur Group, one of Russia’s leading petrochemical companies, for a gas processing expansion project in Noyabrsk, Russia, located in the middle of West Siberian oil fields about 300 km north of Surgut. The undisclosed contract value was booked in the third quarter.

Fluor’s project scope includes the EPCM services for the expansion and upgrade of the Vyngayakhinskaya compressor station, the compressor station 3 of the Nizhnevartovsk gas processing complex, and the Vyngapurovsky gas processing plant and associated pipelines, as well as a liquefied petroleum gas storage and loading facility in Noyabrsk.

“We are pleased to assist Sibur with their important expansion and upgrades for gas compression, processing and export,” said David Seaton, president of Fluor’s Energy & Chemicals Group. “Fluor has extensive gas processing experience in remote parts of the world and our international global execution centers are well situated for this challenging, multi-faceted EPCM program.” The extreme climate changes, with temperatures as low as -55 (degrees) C to as high as +35 (degrees) C in the remote location of Western Siberia makes this a project particularly suited to Fluor’s strengths.

The current project began in August 2008 with front-end design and engineering for one of the compressor stations as well as simultaneous detailed engineering. Fluor’s Camberley and Manila, the Philippines execution centers, together with Russian design institutes will execute the project.

Fluor Corporation (NYSE: FLR) provides services on a global basis in the fields of engineering, procurement, construction, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 500 company with revenues of $16.7 billion in 2007. For more information, visit www.fluor.com.

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