CB&I Announces Storage Tank Award in Abu Dhabi
Get Alerts CBI Hot Sheet
Join SI Premium – FREE
THE WOODLANDS, Texas, March 1, 2016 /PRNewswire/ -- CB&I (NYSE: CBI) today announced it has been awarded a contract for approximately $60 million with Zakum Development Company (ZADCO) for the refurbishment of two crude oil storage tanks on Zirku Island, Abu Dhabi, UAE.
"CB&I is pleased to be selected again by ZADCO to refurbish storage tanks on Zirku Island," said Luke Scorsone, President of CB&I's Fabrication Services operating group. "This award builds on our long-standing relationship with ZADCO and underlines CB&I's expertise in storage solutions."
About CB&I CB&I (NYSE: CBI) is the most complete energy infrastructure focused company in the world. With 125 years of experience and the expertise of approximately 42,000 employees, CB&I provides reliable solutions while maintaining a relentless focus on safety and an uncompromising standard of quality. For more information, visit www.cbi.com.
Important Information For Investors And Shareholders
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements regarding CB&I and represents our expectations and beliefs concerning future events. These forward-looking statements are intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties. When considering any statements that are predictive in nature, depend upon or refer to future events or conditions, or use or contain words, terms, phrases or expressions such as "achieve," "forecast," "plan," "propose," "strategy," "envision," "hope," "will," "continue," "potential," "expect," "believe," "anticipate," "project," "estimate," "predict," "intend," "should," "could," "may," "might" or similar forward-looking statements, we refer you to the cautionary statements concerning risk factors and "Forward-Looking Statements" described under "Risk Factors" in Item 1A of our Annual Report filed on Form 10-K filed with the SEC for the year ended December 31, 2015, and any updates to those risk factors or "Forward-Looking Statements" included in our subsequent Quarterly Reports on Form 10-Q filed with the SEC, which cautionary statements are incorporated herein by reference.
Logo - http://photos.prnewswire.com/prnh/20130430/DA04155LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cbi-announces-storage-tank-award-in-abu-dhabi-300228015.html
SOURCE CB&I
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- TruGolf names interim CEO after founder Chris Jones resigns
- J&J myeloma drug combo shows survival gains in Phase 3 data
- Runway Growth Finance starts unsecured notes offering on Nasdaq
Create E-mail Alert Related Categories
Press ReleasesRelated Entities
Crude OilSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share