KBR to Execute Two Refinery Contracts for Iraq's Oil Ministry

BANGALORE, INDIA--August 27, 2010--Researched by Industrial Info Resources (Sugar Land, Texas)--Iraq's Oil Ministry has awarded two contracts to global engineering services company KBR Incorporated (NYSE:KBR) (Houston, Texas) for the proposed 150,000-barrel-per-day Maysan refining complex. The ministry signed the contracts with KBR through Southern Refineries Company (SRC) (Basra, Iraq). The first contract will include basic engineering and licensing work for the fluidized catalytic cracker (FCC) facility, while under the second contract, KBR will provide engineering services for the Solvent Deasphalting (SDA) unit. Work on the projects is expected to begin immediately. The FCC unit will produce gasoline, and the SDA will help in the removal of residual oil that cannot be converted into motor fuel.