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Source: www.gulfoilandgas.com 2/15/2007, Location: Middle East
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Foster Wheeler Ltd. announced that its subsidiary, Foster Wheeler Energy Limited has been awarded a front-end engineering design (FEED) and project management consultancy (PMC) services contract by Osos Petrochemicals Company (which company is in formation) for a planned new petrochemicals complex to produce polybutylene terephthalate at Yanbu, Saudi Arabia.
In executing the FEED, Foster Wheeler's role will also include the basic design for the utilities and offsites of the project. The Company will provide PMC services up to engineering, procurement and construction (EPC) award and will be involved in the preparation of a project cost estimate, issuance of an invitation to bid for the EPC phase, evaluation of EPC bids and assistance with EPC award.
The new petrochemicals complex comprises four licensed technology process units plus associated utilities, offsites and common facilities. The complex will produce 60,000 tonnes per annum of polybutylene terephthalate, a plastic used as an insulator in the electrical and electronics industries.
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| OPEC Member Countries Economy – April 2013 |
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Saudi Arabia >> 4/30/2013 - Saudi consumer price inflation is expected to remain manageable throughout the forecast period, in large part reflecting the maintenance of price subs...
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