Maire Tecnimont S.p.A. announces that its operating company Tecnimont ICB Pvt. Ltd. (TICB), a wholly-owned subsidiary of Tecnimont S.p.A., has been awarded an important lump-sum turnkey project to realize a Heavy Coker Gas Oil Hydro-Treating Unit (CHTU) in Mangalore district (Karnataka state, India). TICB has received an official Award Notification from Mangalore Refinery and Petrochemicals Ltd. (MRPL), a subsidiary of Oil and Natural Gas Corporation Limited (ONGC), a leading Indian public group in Oil & Gas Exploration & Production.

The project was awarded to TICB on a lump-sum turnkey basis for approximately US$80 million and foresees the provision of engineering, procurement, construction and commissioning (EPCC) services to realize the CHTU. The project is part of the complex “Phase – III Refinery Project”, developed by MRPL at Mangalore. The facilities are scheduled to be completed by end 2011.

The project concerns the design and construction of crude processing refinery facilities with a capacity of 3 million metric tonnes per year (MMTPA), which will increase the capacity of currently existing refinery facilities up to 15 MMTPA upon completion.

TICB, with the award of this important contract, has further reinforced its position as a leading EPC company in the Oil & Gas Sector, confirming the significant role of Maire Tecnimont Group in the Indian market.

Moreover, the project of Hydro-Treating represents an important step in the diversification and widening of Group’s area of competence. In particular, in its strategic review approved by the Board of Directors in March 2009, Maire Tecnimont had selected Hydro-Treating as one of its priorities to be developed by 2011.

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