This contract represents the company's first lump-sum turnkey job in that country and the first time working with Petrogal, a company created after the nationalization of Portugal's oil industry in 1975 and subsequent merger with four oil companies: Sonap, Sacor, Cidla and Petrosul.
Engineering on the project began in November 2000. Fluor Daniel, which commenced construction on the project in March 2001, expects to complete construction during the first quarter of 2002.
The new facility, part of an upgrade at Petrogal's Sines Refinery, is being built to meet new European Union regulations for desulfurizing gasoline.
Fluor Daniel is the engineering and construction unit of Fluor Corporation, which ended 2000 with revenues of $10 billion. Based in Lisbon, Portugal, Petrogal is owned by Galp Energia shareholders.
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