Foster Wheeler subsidiary wins feasibility study contract for Albanian refineries
A Foster Wheeler Global Engineering and Construction Group subsidiary has secured a contract to conduct a feasibility study for the modernization of two refineries in Albania.
The value of the contract has not been disclosed.
The contract has been secured from Albanian Refining & Marketing of Oil (ARMO) for the modernization of refineries which are located at Ballsh and Fier.
ARMO intends to modernize the existing refineries in a bid to restore production to the original design capacity and produce transportation fuels in line with current EU regulations.
The study is expected to be completed by mid-2012.
ARMO owns these two refineries which serve both the domestic and the Balkans' regional markets.
Foster Wheeler is a global engineering and construction contractor and power equipment supplier delivering technically advanced, reliable facilities and equipment.
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