April 14, 2010 (FinancialWire) — Foster Wheeler AG (NASDAQ: FWLT) said that a subsidiary of its Global Engineering and Construction Group has been awarded contracts by Petrom S.A. for investments, which form part of Petrom’s Petrobrazi Modernization Project, a refinery modernization project being implemented at the Petrobrazi Refinery in Ploesti, Romania.

Petromis, which is majority-owned by OMV AG of Austria, is described by Foster Wheeler as the largest oil and gas producer in Southeast Europe.

Under the deal, Foster Wheeler will provide front-end engineering design modification services and engineering, procurement and construction management for the revamp of an atmospheric/vacuum distillation unit at the refinery.

In addition, the company has been awarded an EPCm contract for a new amine unit and the FEED for the revamp of a delayed coking unit.

Foster Wheeler said that the contract value for these awards was not disclosed and has been included in the company’s fourth-quarter 2009 bookings.

Switzerland-based Foster Wheeler AG is a global engineering and construction contractor and power equipment supplier.

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