MOSCOW (
MRC) -- Foster Wheeler AG has announced that Eni S.p.A. has renewed for a further two years its existing framework agreement with a subsidiary of Foster Wheeler’s Global Engineering and Construction Group, as per
Plastemart.
Under this agreement, Foster Wheeler provides basic design and front-end engineering design for downstream, upstream, power and petrochemical projects world-wide undertaken by five Eni business units: Eni Refining & Marketing, Eni Exploration & Production, Enipower, Versalis and Syndial.
Foster Wheeler has worked with Eni companies under a range of frame agreements for more than fifteen years.
As MRC
wrote earlier, in Novemer 2013, Foster Wheeler was selected by Rosneft and ExxonMobil to undertake the initial phase of the front-end engineering design (FEED) for a proposed Russian Far East liquefied natural gas (LNG) project.
Besides, Eni has recently reported that it will
invest EUR125 million in its Versalis plant in Mantua to under the Group 2014-2017 four-year strategic plan.
Foster Wheeler AG is a global conglomerate with its principal executive offices in Geneva, Switzerland and its registered office in Baar, Canton of Zug, Switzerland. It is focused on the Engineering, Procurement, and Construction (EPC) industry and the Electrical Power equipment industry.
Eni is an Italian multinational oil and gas company headquartered in Rome. It has operations in in 79 countries, and is currently Italy's largest industrial company with a market capitalization of 68 billion euros (USD 90 billion), as of August 14, 2013. The Italian government owns a 30.3% golden share in the company, 3.93% held through the state Treasury and 26.37% held through the Cassa depositi e prestiti. Another 39.40% of the shares are held by BNP Paribas.
MRC