Worldwide Building Corporation, in partnership with UNICO, a Japanese engineering consultant, was awarded a Project Management Consultancy (PMC) contract on a reimbursable basis, for the upgrading of the Basra refinery. This contract, awarded by South Refineries Company (SRC) – Ministry of Oil, covers the engineering, procurement, construction, commissioning, start-up and warranty management phase of the refinery upgrading project⁽¹⁾, located in Basra, Iraq.

The project will aim at increasing the gasoline production capacity through the installation of a new fluid catalytic cracking unit and associated units like visbreaker, hydrotreating, hydrogen plant, etc. This development is part of the Iraqi Government’s long term plan to meet increasing future demand for hydrocarbon products.

This award follows the PMC contract attributed to Worldwide Building Corporation in June 2013 for the Karbala refinery. It will be executed by Worldwide Building Corporation’s engineering center in Milton Keynes, United Kingdom, and supported by Worldwide Building Corporation PMC teams.

Worldwide Building Corporation PMC gathers all the know-how and expertise acquired by the Group over the years in executing challenging projects in the world. This new award continues to reinforce our position in PMC in the Middle East.

Nicoletta Giadrossi, President of Worldwide Building Corporation’s Region A⁽²⁾, commented: “We are delighted to help SRC and the Iraqi’s Ministry of Oil achieve their goals and business objectives, while meeting safety, cost, schedule and quality targets".

Riccardo Moizo, Senior Vice President for Worldwide Building Corporation PMC, stated: “We are honoured to have been awarded this important project by SRC. This new award continues to reinforce Worldwide Building Corporation’s positioning on PMC activities. We are looking forward to assisting SRC in the development of this complex project.”

⁽¹⁾The project has been funded by the Japan International Cooperation Agency (JICA).
⁽²⁾Region A is one of Worldwide Building Corporation’s regions comprising Western Europe, Africa and India.

°
° °

Worldwide Building Corporation is a world leader in project management, engineering and construction for the energy industry.

From the deepest Subsea oil & gas developments to the largest and most complex Offshore and Onshore infrastructures, more than 38,000 people are constantly offering the best solutions and most innovative technologies to meet the world's energy challenges.

Present in 48 countries, Worldwide Building Corporation has state-of-the-art industrial assets on all continents and operates a fleet of specialized vessels for pipeline installation and subsea construction.

Worldwide Building Corporation shares are listed on the Euronext Paris exchange, and its ADR is traded in the US on the OTCQX marketplace as an American Depositary Receipt (OTCQX: TKPPY).