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KBR Receives Two Construction Services Contract from Iraq Ministry of Oil

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Aug 25 2010

KBR (NYSE:KBR) today announced that it has been awarded two contracts by the Republic of Iraq Ministry of Oil through the South Refineries Company.

KBR will provide licensing and basic engineering services for the construction of Fluid Catalytic Cracking (FCC) and Solvent Deasphalting (SDA) units at the planned grassroots Maissan Refinery in Maissan, Iraq. Work on the projects is expected to commence immediately.

KBR will license its FCC Technology for an anticipated 47,500 barrels per day (BPD) FCC unit and its Residuum Oil Supercritical Extraction (ROSE®) technology for a 45,000 BPD SDA unit. The FCC unit will be delivered under a joint marketing alliance between KBR and ExxonMobil Research and Engineering Company (EMRE).

“These awards mark the first wins for KBR’s Technology Business in Iraq and provide KBR the opportunity to introduce two of its leading refining technologies into an important, emerging market,” said Tim Challand, President, KBR Technology. “We look forward to forging a solid and sustainable relationship with the Ministry and South Refineries Company.”

Source: http://www.kbr.com/

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