CB&I announced it has been awarded a contract by Naftna Industrija Srbije (NIS) for the engineering, procurement and construction management of a delayed coker unit in Pancevo, Serbia. CB&I previously announced an award of the technology license and front-end engineering and design for the delayed coker that will be integrated with the refinery's existing CB&I fluid catalytic cracking unit and Chevron Lummus Global hydrocracker. Chevron Lummus Global is a joint venture between CB&I and Chevron.

"CB&I is pleased to have been selected for this significant project following the successful completion of an extensive process planning study for the NIS Pancevo Oil Refinery," said Philip K. Asherman, CB&I's President and Chief Executive Officer. "NIS and CB&I have a history of successful collaboration, and we look forward to working with them on this modernization that will provide for the refining of heavy oil residues."

About CB&I

CB&I (NYSE:CBI) is a leading provider of technology and infrastructure for the energy industry. With over 125 years of experience and the expertise of more than 40,000 employees, CB&I provides reliable solutions to our customers around the world while maintaining a relentless focus on safety and an uncompromising standard of quality.