KBR Wins Project Management Contract for Lobito Refinery Project
KBRKBR(KBR) Zacks Investment Research·2024-03-19 00:06

KBR, Inc. (KBR) recently won the Lobito Refinery Project’s management contract by Sonangol, thus, solidifying the foundation of this more than 20-year-long partnership. Per the contract, KBR will design and construct a new 200,000bpd refinery in Lobito, Angola. The services offered will include project management of engineering, procurement and construction phase execution. In early 2023, the company already completed the FEED phase of the project, succeeding in providing a cost- competitive design. This de ...