CB&I Awarded Contract for Hydrocracking Unit for Afipsky Oil Refinery Expansion Project

THE WOODLANDS, Texas, March 20, 2017 /PRNewswire/ -- CB&I (NYSE:CBI) today announced it has been awarded a contract valued at approximately $460 million by NefteGazIndustriya, LLC, through project developer China National Chemical Engineering Co., for the Afipsky Oil Refinery Expansion Project in Krasnodar, Russia. The project was included in CB&I's backlog in the third quarter of 2016.

The scope of work includes detailed engineering, procurement services, construction management services and commissioning services of multiple process units, including a 2.5 million ton per annum hydrocracker unit licensed by Chevron Lummus Global, a joint venture between CB&I and Chevron. CB&I previously announced awards for the technology license and FEED contract for multiple process units, as well as detailed engineering, procurement, fabrication and supply of a steam methane reformer for a large-scale hydrogen plant, hydrocracking heaters and Breech-Lock® exchangers.

"CB&I is pleased to extend our relationship with NefteGazIndustriya and appreciate their confidence in our integrated capabilities," said Philip K. Asherman, CB&I's President and Chief Executive Officer. "The Afipsky refinery modernization is significant for NefteGazIndustriya and building this high-conversion unit will allow it to become one of the most modern and competitive refineries in Russia."

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. 

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SOURCE CB&I

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