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Iraq contractor Fluor flourishing


Published Aug 12, 2008
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Fluor awarded contract by Kuwait Oil Company

U.S. Iraqi-oilfield contractor Fluor has reported record second-quarter net earnings of $209 million, or up 119 percent year-on-year on the extra money earned for selling stakes in the joint venture building the U.K. Greater Gabbard Offshore Wind Project.

The $80 million from Greater Gabbard was dwarfed by revenues of $5.77 billion in the quarter, up $1.5 billion over the same three months a year ago.

Fluor’s oil and gas division attained revenues of $3.34 billion, or about a third better than all its other businesses — industrial & infrastructure, government, global services and power — combined.

The Texas-based contractor is well-known for its billion-dollar reconstruction contracts in Iraq and building work in Kosovo.

Tags: Fluor Corporation




   

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