1

Fluor Company OverviewFluor Company Overview

Mag FouadMag Fouad

2

Corporate Experience Fluor OverviewCorporate Experience Fluor Overview

�One of the world’s largest publicly owned engineering, procurement, construction, and maintenance companies

�2006 revenues of $14.1 billion

�2006 new awards of $19.3 billion

�Q3 2007 backlog of $27.9 billion

�40,000 employees worldwide

�Offices in more than 25 countries

�Fluor’s safety performance record consistently makes it one of the world’s safest contractors

�Nearly 100 years of experienceAfrica 4%Australia 4%Canada 3%Asia Pacific 1%

United States 41%Middle East 27%Europe 11%Latin America 9%

2006 Revenue by Region

3

Fluor Offices WorldwideFluor Offices Worldwide

4

Safety - Our First Priority Outstanding Total Recordable RateSafety - Our First Priority Outstanding Total Recordable Rate

Fluor’s Outstanding Safety Performance. Our Total Recordable Incidence rate is significantly better than the average rates reported by CII.

5

Comprehensive Range of ServicesComprehensive Range of Services

6

Global Business SegmentsGlobal Business Segments

Industrial & InfrastructureIndustrial & Infrastructure

GlobalServicesGlobal

Services

GovernmentGovernment

Energy & ChemicalsEnergy & Chemicals

• Oil & Gas Production

• Gas to Liquids (GTL)

• Heavy Oil Upgrading& Oil Sands

• Petroleum Refining

• Petrochemicals

• Gasification & IGCC

• Power

• Gas Processing & LNG

• Chemicals

7

10 Success Factors forBusiness and Project Development

10 Success Factors forBusiness and Project Development

Mag FouadMag Fouad

8

10 Success Factors forBusiness and Project Development10 Success Factors forBusiness and Project Development

1. Market and Logistics

2. Timing and Staging

3. Feedstock Position

4. Integration

5. Infrastructure

6. Financing

7. Human Resources

8. Technology

9. Partners

10. Economy of Scale

9

Market and LogisticsMarket and Logistics

� An important attribute for the success of any business

� Domestic market is key, followed by regional and global– Russia has large Domestic

Market

� Logistics needs improvement

0

5

10

15

20

WesternEurope

Central Europe Russia & CIS

Con

sum

ptio

n pe

r cap

ita (k

g)

PP PEPS PETSBR

30

12

3.4

Polyolefin Consumption in kg per capita

0

5

10

15

20

WesternEurope

Central Europe Russia & CIS

Con

sum

ptio

n pe

r cap

ita (k

g)

PP PEPS PETSBR

30

12

3.4

Polyolefin Consumption in kg per capita

10

Feedstock PositionFeedstock Position

oil fields

gas and gas /condensate fields

access to sea ports for exports

RUSSIA

KAZAKHSTANMONGOLIA CHINA

Most ofdomesticconsumption

Most of Russianpetrochemical industry

11

IntegrationIntegration

� Add Value to the Chain

• Oil & Gas • Refining• Fuel Gasoline• Naptha• Middle Distillates• Vacuum Gas• Oil Residues

• Heat & Electricity

• Petrochemicals• Ethylene, Propylene

& First Line Derivatives

• Aromatics & Derivatives

• Polymers• Commodity• Specialty• Engineering Plastics

• Chemicals• Intermediate• Volume Products• Specialty Grades• Performance

Products

• Consumer Goods• Life Science Products• Agriculture• Pharmaceutical• Carpet & Textile• Automotive• Packaging• Paints• Food & Beverage• Construction• Heavy Industry

12

InfrastructureInfrastructure

� Financial advantage to share utilities or to cluster process units

� No shame in cooperation

Jubail

Yanbu

Jubail

13

Project Objectives and ConceptProject Objectives and Concept

� Identify Product Slate

� Marketing Regions, Domestic and Externally

� Technologies Employed

� Facilities Configuration– Feed Stock Preparation– Wet End– Dry End– Product Handling, Storage and shipping– Utilities and Infrastructure– Cost Estimate and Financial Modeling

� Engage Engineering Companies In & Out of Country, if needed.

� Work with Licensor to develop operating expertise

� Work closely with Key Vendors and Know-How Providers on the Dry end