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THE WOODLANDS, Texas, July 16, 2014 /PRNewswire/ -- CB&I (NYSE:CBI) today announced it has been awarded additional contracts by Oman Oil Refineries and Petroleum Industries Company (Orpic) for the Liwa Plastics Project in the Sultanate of Oman. CB&I's scope of work includes the license and engineering design of three units in addition to the previously announced award for its ethylene technology and front end engineering and design (FEED) services.
CB&I will provide the CDMtbe® technology for a new 90,000 metric ton per annum (MTA) high conversion MTBE unit, the technology for a 41,000 MTA butene-1 recovery unit, and the NGL-MAXSM gas processing technology for a new 18 million standard cubic meter per day natural gas liquids (NGL) extraction plant. The NGL plant will be the largest single train gas plant designed by CB&I.
"The award of these additional technology contracts demonstrates Orpic's confidence in CB&I's technology portfolio and wide range of services," said Daniel McCarthy, President of CB&I's Technology operating group. "Our successful project execution has a pull-through effect on the entire organization."
CB&I (NYSE:CBI) is the most complete energy infrastructure focused company in the world and a major provider of government services. With 125 years of experience and the expertise of approximately 55,000 employees, CB&I provides reliable solutions while maintaining a relentless focus on safety and an uncompromising standard of quality. For more information, visit www.cbi.com.
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This press release contains forward-looking statements regarding CB&I and represents our expectations and beliefs concerning future events. These forward-looking statements are intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties. When considering any statements that are predictive in nature, depend upon or refer to future events or conditions, or use or contain words, terms, phrases or expressions such as "achieve," "forecast," "plan," "propose," "strategy," "envision," "hope," "will," "continue," "potential," "expect," "believe," "anticipate," "project," "estimate," "predict," "intend," "should," "could," "may," "might" or similar forward-looking statements, we refer you to the cautionary statements concerning risk factors and "Forward-Looking Statements" described under "Risk Factors" in Item 1A of our Annual Report filed on Form 10-K filed with the SEC for the year ended December 31, 2013, and any updates to those risk factors or "Forward-Looking Statements" included in our subsequent Quarterly Reports on Form 10-Q filed with the SEC, which cautionary statements are incorporated herein by reference.
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