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Fluor Announces Cancellation of Kuwaiti Refinery Contract

Fluor Fluor Corporation has received notification from Kuwait National Petroleum Company (KNPC) to stop work on the utilities and offsites for the al-Zour refinery. Fluor has approximately 300 employees performing engineering work on the project. The remaining contract value of approximately $2.1 billion will be removed from the company's backlog in the first quarter.

Posted 20/03/09

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