(Arabian oil and gas) -- Foster Wheeler announced that a subsidiary of its Global Engineering and Construction (E&C) Group and the subsidiary's joint venture partner, Qatar Kentz WLL, have signed an engineering, procurement and construction management (EPCm) framework agreement with Qatargas Operating Company Limited (Qatargas).
The framework agreement covers projects associated with the existing Qatargas LNG facility at Ras Laffan Industrial City and will include both onshore and offshore work. The agreement will be for three years with an option to extend for a further two years. The booking values for the projects will be recorded as individual service orders are received.
Qatargas plans to issue invitations to its framework contractors to bid for specific packages of work, which packages may include pre-front end engineering design (pre-FEED), FEED and EPCm services.
Perspectives of development of polymer markets, pricing issues and other important aspects will be discussed at The Polymers Summit-2011, which will be held in Moscow on November 30, 2011 at the Ritz Carlton Hotel. The Summit will be organized by MRC with the support of ICIS. The main idea of the Summit is to find a "the golden mean" between producers and converters. When producers receive exactly such margin of production, which helps them to invest in production expansion in order to substitute polymers imports, and the converters receive such price of feedstock that helps them to compete imported finished products. The Summit site gives an access to the live video of the Summit, speakers" presentations, as well as opportunities to ask questions or make appointments to any Summit partcipant.