Cartagena refinery awards CB&I expansion contract

- Wednesday, November 28, 2007

Cartagena refinery awards CB&I expansion contract

Colombian refiner Refinería de Cartagena has awarded US construction company Chicago Bridge & Iron (CB&I) an expansion project contract, CB&I said in a statement.

The expansion includes adding 14 new processing units to increase processing capacity to 150,000b/d from 80,000b/d. The upgraded facility will produce ultra-low sulfur gasoline and diesel from a heavy crude oil slate.

CB&I's EPC contract is worth roughly US$80mn, the statement said.

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"We anticipate finalizing the full scope of the project and beginning construction by year-end 2008," CB&I president and CEO Philip Asherman said.

Swiss resources group Glencore International owns 51% of the refinery and Colombia's state oil company Ecopetrol the remainder.

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