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Fluor Awarded FEED Contract for Qatari Project

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Engineering and construction firm Fluor (NYSE: FLR  ) announced it was awarded a front-end engineering and design contract for a proposed petrochemical project in Qatar.

The Al-Karaana petrochemical project, a likely cornerstone of future petrochemical development projects in the emirate, will be a world-scale ethane-based cracker and derivatives complex, including two train monoethylene glycol units, linear alpha olefins, and oxo alcohol units. It will also require utilities, infrastructure, and offsites. 

Qatar Petroleum and Royal Dutch Shell's Shell Global Solutions division plan to build the grassroots petrochemical project in Ras Laffan Industrial City, Qatar, where the two previously developed the world's largest gas-to-liquids plant, Pearl GTL. 

Fluor's president of energy and chemicals Peter Oosterveer said, "The Middle East is an extremely important region for Fluor, and we are honored that QP and Shell have selected our experienced petrochemical team for this project."

Front-end engineering and design is early stage planning that irons out technical issues and roughly estimates the investment cost of the project. Fluor will book the undisclosed contract value into backlog in the first quarter of 2013.


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Rich Duprey
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Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time.

Having made the streets safe for Truth, Justice and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. So follow me on Facebook and Twitter for the most important industry news in retail and consumer products and other great stories.

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Related Tickers

9/4/2015 12:44 PM
FLR $44.07 Down -0.48 -1.08%
Fluor Corporation CAPS Rating: *****
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Royal Dutch Shell… CAPS Rating: ****