Foster Wheeler wins Turkey refinery contract
Zug, Switzerland, January 9, 2014
Foster Wheeler, a leading engineering and construction company and power equipment provider, said a subsidiary of its Global Engineering and Construction Group has won a contract with Star Rafineri, a subsidiary of Socar Turkey, for project management consultancy services.
The services will be provided for Star Rafineri’s grassroots Aegean Refinery to be built within the Petkim Petrokimya facilities at Aliaga (Turkey).
Foster Wheeler's contract value was not disclosed and was included in the company's third-quarter 2013 bookings, said a statement.
The new refinery is designed to process a range of different crude oils, including Urals, Azeri Light and Kirkuk, with a processing capacity of 10 million tonnes of crude oil per year.
It is expected to start operations in 2017 and to produce a range of products including jet fuel, diesel, naphtha, petroleum coke and liquid petroleum gases.
Foster Wheeler executed the front-end engineering design (Feed) for the entire refinery and also provided the license and basic design package for the delayed coker, which will use Foster Wheeler’s leading Sydec delayed coking technology.
Kenan Yavuz, CEO of Socar Turkey, said: “This refinery will significantly reduce Turkey’s dependence on imports of many petroleum derivatives. Foster Wheeler’s project management and project execution expertise is well-known, and we are confident that its team will make a valuable contribution to the success of this mega-project.” - TradeArabia News Service