CB&I has been awarded a project valued in excess of USD 1.4 billion by Refinería de Cartagena S.A. (REFICAR) for the engineering, procurement services and construction of a new refinery, with processing capacity of 165,000bpd, adjacent to REFICAR’s refinery in Cartagena, Colombia. CB&I’s scope also includes revamping the existing 80,000bpd refinery. The overall project will relieve regional refining constraints and will enable REFICAR to produce clean, ultra-low sulfur gasoline and diesel from heavy crude. CB&I will provide project management and the engineering, procurement services, fabrication and construction for the new refinery, including the following major components: crude and vacuum distillation, fluid catalytic cracker naphtha hydrotreater, diesel hydrotreater, hydrocracker, hydrogen plant, sulfur plant, delayed coker, hf alkylation, c4 isomerization, power generation, and offsites and utilities. Following the completion of FEED, this next phase of the overall project includes detailed engineering, procurement of equipment and materials, and initiation of construction activities. The project is scheduled for completion in 2012.