Global Engineering and Construction Group to conduct feasibility study for Refinery Modernization

3 February 2012: Global Engineering and Construction Group, subsidiary of Foster Wheeler AG has been awarded a feasibility study by Albanian Refining & Marketing of Oil sh.a. (ARMO) relating to the modernization of two refineries, located at Ballsh and Fier in Albania.

The Foster Wheeler contract value was not disclosed and will be included in the company’s fourth-quarter 2011 bookings. ARMO intends to modernize the existing refineries at Ballsh and Fier to restore production to the original design capacity and produce transportation fuels in line with current European Union regulations. The study is expected to be completed by mid-2012.

Source: Yourindustrynews