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| Fluor builds Galp Energia's refinery in Portugal The U.S. construction and engineering firm Fluor Corp. has been awarded an engineering, procurement and construction (EPC) contract for Galp Energia's Porto Refinery Conversion project in Portugal. Fluor began the front-end engineering and design (FEED) work in October 2007. The total installed cost of the project is expected to be about 350 million euros (about US$455 million) of which Fluor booked US$400 million in the fourth quarter 2008. The Porto Refinery Conversion Project, when completed, is expected to produce 2.5 million tons per year of diesel, gasoline and kerosene fuels. The completed refinery will meet the most up-to-date European environmental regulations, will increase the utilization rate of the existing refineries and will be capable of processing heavier crude oil. write your comments about the article :: © 2009 Construction News :: home page |