THE WOODLANDS, Texas,
Nov. 2, 2017 /PRNewswire/
-- CB&I (NYSE:CBI) today announced it has been awarded a
contract by LUKOIL NizhegorodNefteorgSyntez, a subsidiary of JSC
LUKOIL, for the detailed engineering, procurement and supply of
process equipment, including two proprietary delayed coking heaters
for the Deep Conversion Complex in Kstovo City, central
Russia. The units will use Chevron
Lummus Global's (CLG) delayed coking technology for the processing
of 2,100 KTA of refinery residues.
CLG offers the most complete, bottom-of-the-barrel upgrading
solutions. In addition to the engineering, procurement and supply
contract announced today, CB&I is continuing to work closely
with LUKOIL to assess a broader range of solutions for the
project.
"CB&I is pleased to be providing a wide range of services to
LUKOIL for their project," said Duncan
Wigney, CB&I's Executive Vice President of Engineering
& Construction. "CLG was previously awarded the coking
technology license, and this award demonstrates the value CB&I
can bring through an array of technology and engineering solutions
to the Russian region."
About CB&I
CB&I (NYSE:CBI) is a leading provider of technology and
infrastructure for the energy industry. With more than 125 years of
experience, 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.
About LUKOIL
LUKOIL is one of the largest publicly traded, vertically integrated
oil and gas companies in the world accounting for more than 2% of
the world's oil production and around 1% of the proved hydrocarbon
reserves. While having the full production cycle, LUKOIL exercises
full control over the whole production chain — from oil and gas
production to petroleum product sales.
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
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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, 2016, 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