Oct. 15, 2009 (Business Wire) -- CB&I (NYSE:CBI) has been awarded a contract valued in excess of US$70 million by NAFTNA INDUSTRIJA SRBIJE (NIS Petroleum Industry of Serbia) to upgrade its Pancevo Oil Refinery in Serbia.

The scope of work awarded to CB&I includes detailed engineering, procurement services, construction management and commissioning for the hydrocracker/hydrotreater unit (licensed by Chevron Lummus Global) and the associated support units, auxiliary and offsites systems.

CB&I, which has extensive engineering, procurement and construction management experience in Eastern Europe, is currently constructing a similar hydrocracker/hydrotreater unit in Croatia, and recently completed a diesel desulfurization plant for a major refinery expansion project in Poland.

About CB&I

CB&I designs, engineers and constructs some of the world’s largest energy infrastructure projects, providing a full spectrum of EPC solutions and proven process technologies. Drawing upon more than a century of experience and the expertise of approximately 17,000 employees worldwide, CB&I safely and reliably executes more than 600 projects a year through its three business sectors: CB&I Lummus builds upstream and downstream oil & gas projects, LNG liquefaction and regasification terminals, and a wide range of other energy related projects; CB&I Steel Plate Structures designs, fabricates and constructs storage tanks and containment vessels and their associated systems for the oil & gas, water & wastewater, mining and nuclear industries; Lummus Technology capitalizes on more than 1,500 patents and patent applications to provide process technologies and catalysts for petrochemical facilities, oil refineries and gas processing plants. For more information, visit www.CBI.com or access technical details at Lummus Technology Fact Sheets. If you would like to be added to CB&I’s news release email distribution list, visit www.cbi.com/ir/news.htm.