THE WOODLANDS, Texas,
Dec. 1, 2016 /PRNewswire/
-- CB&I (NYSE:CBI) today announced it has been awarded a
contract by Naftna Industrija Srbije (NIS) for the engineering,
procurement and construction management of a delayed coker unit in
Pancevo, Serbia. CB&I previously announced an award of the
technology license and front-end engineering and design for the
delayed coker that will be integrated with the refinery's existing
CB&I fluid catalytic cracking unit and Chevron Lummus Global
hydrocracker. Chevron Lummus Global is a joint venture between
CB&I and Chevron.
"CB&I is pleased to have been selected for this significant
project following the successful completion of an extensive process
planning study for the NIS Pancevo Oil Refinery," said Philip K. Asherman, CB&I's President and
Chief Executive Officer. "NIS and CB&I have a history of
successful collaboration, and we look forward to working with them
on this modernization that will provide for the refining of heavy
oil residues."
About CB&I
CB&I (NYSE:CBI) is a leading provider of technology and
infrastructure for the energy industry. With over 125 years of
experience and the expertise of more than 40,000 employees,
CB&I provides reliable solutions to our customers around the
world while maintaining a relentless focus on safety and an
uncompromising standard of quality. For more information, visit
www.CBI.com.
Important Information For Investors And Shareholders
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements regarding
CB&I and represents our expectations and beliefs concerning
future events. These forward-looking statements are intended to be
covered by the safe harbor for forward-looking statements provided
by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve known and unknown risks and
uncertainties. When considering any statements that are predictive
in nature, depend upon or refer to future events or conditions, or
use or contain words, terms, phrases or expressions such as
"achieve," "forecast," "plan," "propose," "strategy," "envision,"
"hope," "will," "continue," "potential," "expect," "believe,"
"anticipate," "project," "estimate," "predict," "intend," "should,"
"could," "may," "might" or similar forward-looking statements, we
refer you to the cautionary statements concerning risk factors and
"Forward-Looking Statements" described under "Risk Factors" in Item
1A of our Annual Report filed on Form 10-K filed with the SEC for
the year ended December 31, 2015, and
any updates to those risk factors or "Forward-Looking Statements"
included in our subsequent Quarterly Reports on Form 10-Q filed
with the SEC, which cautionary statements are incorporated herein
by reference.
Investors: Scott Lamb, +1 832
513 1068, Scott.Lamb@CBI.com
Media: Gentry Brann, +1 832 513 1031,
Gentry.Brann@CBI.com
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SOURCE CB&I