Foster Wheeler Ltd. (Nasdaq: FWLT) announced today that its Milan-based subsidiary Foster Wheeler Italiana S.p.A., part of its Global Engineering and Construction Group, has been awarded a contract by Zwara Oil Refinery Company Limited (ZORCO) for consultancy and project management services for a planned new 200,000 barrels per stream day crude oil refinery at Mellita, near Zwara, in the Great Socialist People’s Libyan Arab Jamahiriya. ZORCO is a project company in which Tamoil Africa Holdings Ltd. holds the equity.

The planned new facility, with an estimated total investment cost of about $4 billion, includes a state-of-the-art facility aimed at producing premium quality gasoline, jet fuel and diesel with minimal fuel oil production, and related utilities, offsites and marine facilities.

“We are indeed extremely pleased to be awarded this prestigious contract by ZORCO,” said Marco Moresco, Chief Executive Officer, Foster Wheeler Italiana. “We have strong roots in Libya and we look forward to leveraging our in-depth refinery expertise to build on the excellent working relationships established in the past.”

“This is a flagship project in North Africa requiring deep technical knowledge, experience and flexibility,” said Dr. Ali Shamekh, Chairman, ZORCO Ltd.“We are very pleased to award the contract to Foster Wheeler Italiana and we will join forces for the successful implementation of the Project.”