Foster wins contract for new Libya refinery

30 October 2008 15:51  [Source: ICIS news]

TORONTO (ICIS news)--Foster Wheeler has won a contract for work on a planned 200,000 bbl/day refinery in Libya, the US petrochemicals engineering firm said on Thursday.

 

The refinery project at Mellita, near Zwara, was estimated to cost about $4bn (€3bn) and was expected to be completed in 2014, Foster Wheeler said.

 

Foster’s contract was for consultancy and project management services, it said but did not disclose financial details.

 

The target product slate for the refinery included gasoline, jet fuel and diesel with minimal fuel oil production.

 

The contract was awarded by Zwara Oil Refinery Co, a project company in which Tamoil Africa Holdings held the equity capital, Foster said.

 

According to information on its website, Libya's National Oil Corp is Tamoil's majority stakeholder.

 

($1 = €0.78)

 

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By: Stefan Baumgarten
+1 713 525 2653



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