KBR (NYSE: KBR) today announced it has secured an award to execute front-end engineering and design (FEED) for a crude oil refinery revamp project for one of the oldest operating refineries in the U.S.
During the feasibility phase, KBR’s expertise will focus on determining the optimum economic configuration to increase overall heavy crude processing capability and flexibility. The refinery currently processes light sweet crudes and aims to take advantage of fluctuations in the crude oil pricing market by gaining the flexibility to process heavier sour crude oils.
“KBR draws upon its deep domain expertise in refinery solutions and revamp projects to help satisfy our customer’s economic and operating flexibility needs,” said David Zelinski, President, KBR Downstream. “We look forward to the successful execution of this project and continuing our long-term relationship with this valued client.”
KBR is a global engineering, construction and services company supporting the energy, hydrocarbon, government services, minerals, civil infrastructure, power, industrial, and commercial markets. For more information, visit www.kbr.com.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts