Foster Wheeler confirms Libyan refinery deal

30 October 2008
The US’ Foster Wheeler has been awarded a project management and consultancy contract for the development of a $4bn, 200,000-barrel-a-day (b/d) refinery in western Libya, which stalled earlier in 2008 after bankers pulled out of exploratory talks.

Foster Wheeler says the Zuwara refinery in the region of Melitah is expected to be completed by 2014; producing gasoline, jet fuel and diesel.

The client is Zwara Oil Refining Company (Zorco), a project company in which Libya’s state-run Tamoil Africa Holdings has the equity.

Foster Wheeler says its contract includes the refinery configuration, the selection of the licensors and the front-end engineering and design (FEED) phase, including preparation of a cost estimate.

The firm will also prepare the tender documents for the engineering, procurement and construction (EPC) phase, assist Zorco in selecting the EPC contractor and act as project management consultant during construction.

Nigeria's Africa Finance Corporation and Citadel Capital of Egypt both decided against investing in the plant earlier in 2008 following initial talks (MEED 15:2:08).

The refinery, located near the Tunisian border, will boost the country’s refinery capacity to nearly 600,000 b/d.

A MEED Subscription...

Subscribe or upgrade your current package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications