Shaw Selected to Provide Engineering and Design for Two Grassroots Refineries in Iraq
29 Giugno 2009 - 3:00PM
Business Wire
The Shaw Group Inc. (NYSE: SGR) today announced its Energy &
Chemicals Group has signed two contracts with the Republic of
Iraq�s Ministry of Oil to provide feasibility studies and front end
engineering and design (FEED) for two grassroots 150,000 barrels
per day refineries near the cities of Maissan and Kirkuk in
Iraq.
The FEED work includes all process units, offsite facilities and
utilities for both refineries. The new refineries are part of
Iraq�s development program and will address the country�s demand
for fuels, alleviate domestic shortages and reduce imports.
The value of Shaw�s contracts, which will be included in the
company�s fourth quarter fiscal year 2009 backlog of unfilled
orders, was not disclosed.
�This is the first significant project for Shaw�s Energy &
Chemicals Group in Iraq and will further enforce Shaw�s commitment
to the Middle East region,� said Lou Pucher, president of Shaw�s
Energy & Chemicals Group.
In March 2009, Shaw opened a new office in Abu Dhabi, United
Arab Emirates, to support its increasing activity throughout the
Middle East. Shaw has operated an ASME certified pipe fabrication
facility in Bahrain since 1994.
The Shaw Group Inc. is a leading global provider of technology,
engineering, procurement, construction, maintenance, fabrication,
manufacturing, consulting, remediation and facilities management
services for government and private sector clients in the energy,
chemicals, environmental, infrastructure and emergency response
markets. A Fortune 500 company with fiscal year 2008 annual
revenues of $7 billion, Shaw is headquartered in Baton Rouge, La.,
and employs approximately 26,000 people at its offices and
operations in North America, South America, Europe, the Middle East
and the Asia-Pacific region. Shaw is the power sector industry
leader according to Engineering News-Record�s list of Top 500
Design Firms. For further information, please visit Shaw�s Web site
at www.shawgrp.com.
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(including without limitation statements to the effect that the
Company or its management �believes,� �expects,� �anticipates,�
�plans� or other similar expressions) and statements related to
revenues, earnings, backlog or other financial information or
results are forward-looking statements based on the Company�s
current expectations and beliefs concerning future developments and
their potential effects on the Company. There can be no assurance
that future developments affecting the Company will be those
anticipated by the Company. These forward-looking statements
involve significant risks and uncertainties (some of which are
beyond our control) and assumptions and are subject to change based
upon various factors. Should one or more of such risks or
uncertainties materialize, or should any of our assumptions prove
incorrect, actual results may vary in material respects from those
projected in the forward-looking statements. The Company undertakes
no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. A description of some of the risks and uncertainties
that could cause actual results to differ materially from such
forward-looking statements can be found in the Company�s reports
and registration statements filed with the Securities and Exchange
Commission, including its Form 10-K and Form 10-Q reports, and on
the Company�s Web site under the heading �Forward-Looking
Statements.� These documents are also available from the Securities
and Exchange Commission or from the Investor Relations department
of Shaw. For more information on the company and announcements it
makes from time to time on a regional basis, visit our Web site at
www.shawgrp.com.
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