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Foster Wheeler awarded contract by Indian Oil

Foster Wheeler Ltd. announced that two subsidiaries in its Global Engineering and Construction Group, Foster Wheeler Energy Limited and Foster Wheeler India Private Limited, have been awarded services contracts by Indian Oil Corporation Limited (IOCL) for the Paradip Refinery Project, which is expected to be one of the largest integrated refinery petrochemicals complexes in India. This world-scale facility, comprising a new export refinery and petrochemicals complex, will be built in Orissa State.

Foster Wheeler's scope includes the front-end engineering design (FEED), preparation of cost estimates and the overall project strategy, and supervision of early works on site up to financial investment decision for the refinery, which is expected in mid-2008.



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