Location: “El Palito” Refinery, Carabobo State, Venezuela

Client: PDVSA PETRÓLEO, S.A.

Investment Amount US$: 4,500 MM

Kind of Contract: Lump Sum + Price per unit

Partner: TOYO ENGINEERING CORPORATION / FOSTER WHEELER ITALIANA

Date: January 2008 – May 2012

Scope: Installation of new processing plants in order to produce gasoline and diesel with the required specifications for international markets, specially in regard to sulfur content; adapt existing facilities and add new processing plants in order to allow processing of heavier crude mixtures than the current ones feeding it. (Today 28 API, future 22 API).