ECONOMY
Foster Wheeler wins PMC contract in Turkey
Baku, January 12 (AZERTAC). Engineering and construction company Foster Wheeler, has won a contract with Star Rafineri, a subsidiary of Socar Turkey, for project management consultancy service.
A subsidiary of Foster Wheeler`s Global Engineering and Construction Group, it will provide services for Star Rafineri`s Aegean Refinery to be built within the Petkim Petrokimya facilities at Aliaga in Turkey.
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 tons 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 Sydec delayed coking technology.
“This refinery will significantly reduce Turkey’s dependence on imports of many petroleum derivatives, and so it is a strategically important investment,“ said Kenan Yavuz, Chief Executive Officer, SOCAR Turkey. “Foster Wheeler’s project management and project execution expertise is well-known, and we are confident that the Foster Wheeler team will make a valuable contribution to the success of this mega-project.”
Foster Wheeler AG is a global engineering and construction company and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 13,000 talented professionals with specialized expertise dedicated to serving its clients through one of its two primary business groups. The company’s Global Engineering and Construction Group designs and constructs leading-edge processing facilities for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and petrochemicals, power, minerals and metals, environmental, pharmaceuticals, biotechnology and healthcare industries.