Fluor Wins $1-Billion Contract for Acetyls Complex in Jubail, Saudi Arabia

Fluor Corporation (NYSE:FLR) announced today that it was selected to provide engineering, procurement, construction management and precommissioning services to Saudi International Petrochemical Co. Ltd. for an acetyls complex in Jubail, Saudi Arabia. The billion-dollar contract was booked in first quarter 2007.

“With this project, Fluor continues a long history of work with Saudi International Petrochemical,” said David Seaton, Fluor’s Energy & Chemicals group president. “We are honored by SIPchem’s selection of us for such a large-scale and important development.”

The project scope includes the main plant, which will manufacture acetic acid and vinyl acetate monomer, a high-end specialty plastic for clients, and a new Utilities plant.

Construction began this month with a target completion of December 2008. Fluor’s Calgary office will provide project management, procurement and design of the vinyl acetate monomer and utilities plants; its Greenville, S.C., office will provide acetic acid plant design, and its New Delhi office will provide detailed engineering. Some 650 staff will be involved in the design and procurement work.

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 $14.1 billion in 2006. For more information, visit www.fluor.com.

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