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CB+I Receives $40 Million Worth Storage Tank Project in Abu Dhabi

Nov 8 2010

CB&I (NYSE: CBI) announced today that it has been awarded a contract, valued in excess of US$40 million, by Daewoo Engineering and Construction Co. Ltd. for a storage tank project in Abu Dhabi. Takreer, a subsidiary of ADNOC, is the project owner. This was a third quarter award.

CB&I will supply and install various storage tanks for the Mussafah terminal, part of Takreer's Inter Refinery Pipeline Expansion project (IRP Phase II), which will enhance jet fuel distribution to airports in the UAE via a pipeline from Takreer’s Ruwais Refinery.

Source: http://www.cbi.com/

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