Business World

KBR has won two contracts by the Republic of Iraq Ministry of Oil through the South Refineries Co.

KBR will provide licensing and basic engineering services for the construction of fluid catalytic cracking and solvent deasphalting units at the planned grassroots Maissan Refinery in Maissan, Iraq. Financial terms were not disclosed.

Houston-based KBR (NSYE: KBR) plans to license its FCC Technology for an anticipated 47,500 barrels per day FCC unit and its “Rose” technology for a 45,000 barrels per day SDA unit poor credit personal loans.

KBR and ExxonMobil Research and Engineering Co. have formed a joint marketing alliance to work on the FCC unit.

“These awards mark the first wins for KBR’s technology business in Iraq and provide KBR the opportunity to introduce two of its leading refining technologies into an important, emerging market,” Tim Challand, president of KBR Technology, said in a statement.

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