NEWS RELEASE                                                                                                    NOVEMBER 2014

CIS Industrial Valve Purchases to Reach $4 Billion/yr By 2015

Next year former Soviet Union countries will spend just under $4 billion for industrial valves. This is the forecast by the McIlvaine Company in Industrial Valves: World Market.

Valve Revenues CIS ($ Millions)

Russia accounts for the majority of the purchases. The Ukraine has significant purchases. Due to the problems with Russia and concern about Russian gas supply, Ukraine is building two large coal gasification plants.  Each plant will have more than 10,000 valves.

The other CIS category includes:

• Armenia
• Azerbaijan
• Estonia
• Georgia
• Kyrgyzstan
• Latvia
• Lithuania
• Moldova
• Tajikistan
• Turkmenistan

Oil and gas is one of the largest applications for valves in the CIS. Russia is the second largest producer of dry natural gas and the third largest liquid fuels producer in the world. Some of the valves for Russian projects are being specified and/or purchased by U.S. companies.

CB&I  has been awarded contracts valued in excess of $90 million by NefteGazIndustriya, LLC, through project developer MAVEG GmbH, to provide the technology licenses and front-end engineering and design (FEED) services for the Afipsky Oil Refinery in Krasnodar, Russia.

KBR, Inc. has been awarded a contract for project management consultancy (PMC) services for the construction of the advanced oil processing complex which is the part of the major renovation program of the largest operating refinery in Russia owned by JSC Gazprom Neft. The refinery is located in Omsk, Western Siberia, Russia.  KBR will provide PMC services for three new process units and offsites and utilities construction beginning with the front-end engineering and design phase and continuing through EPC, commissioning and start-up.

For more information on Industrial Valves: World Market, click on:http://home.mcilvainecompany.com/index.php/markets/2-uncategorised/115-n028