Euro 80 Million Contract Awarded To Kvaerner

A Euro 80 million engineering, procurement and construction contract has been awarded to Kvaerner to upgrade Statoil's refinery in Mongstad, Norway, as stated by Kvaerner. Modifications to the refinery will be made along with grass roots gasoline desulphurisation unit to clean fuels. The project is scheduled for completion by the end of 2002 and will need to comply with the European Fuel Specifications for 2005.