October 31, 2008

Foster Wheeler Italiana to Provide Consulting Services to Zwara Oil Refinery

Foster Wheeler has announced that its subsidiary, Foster Wheeler Italiana, has been awarded a contract by the Zwara Oil Refinery for consultancy and project management services for a planned new 200,000-barrels-per-stream day crude oil refinery at Mellita, near Zwara, in Libya.

The Zwara Oil Refinery Company (Zorco) is the project company in which Tamoil Africa Holdings holds equity.

Foster Wheeler's scope under the contract includes the optimization of the refinery configuration, the selection of the licensors and the front-end engineering design (FEED), including preparation of a cost estimate.

Foster Wheeler will also prepare the tender documents for the engineering, procurement, construction (EPC) phase, and will assist Zorco in selecting the EPC contractors and will act as project management consultant during the EPC phase. The refinery is planned to be completed in 2014.

The planned new facility, with an estimated total investment cost of about $4 billion, includes a facility aimed at producing premium quality gasoline, jet fuel and diesel with minimal fuel oil production, and related utilities, offsites and marine facilities.