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Additional Information

Market:	ASX
Sector:	Building Materials
EPIC:	WOR
Latest Price:	28.67 (0.35% )
52-week High:	33.42
52-week Low:	23.28
Market Cap:	6,929.64M

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Worleyparsons Limited
WorleyParsons Limited is an Australia-based company. The Company is principally engaged in the provision of engineering design and project services to the sectors, including hydrocarbons, power, minerals and metals, and infrastructure and environment; provision of maintenance and reliability support services to these sectors, and infrastructure developments. It operates in four business segments: Hydrocarbons, Power, Minerals and Metals, and Infrastructure and Environment. The Hydrocarbons segment incorporates the Oil and Gas, and Refining, Petrochemicals and Chemicals business units. Some of its wholly owned subsidiaries include A.C.N. 009 009 643 Pty Limited, A.C.N. 009 265 927 Pty Limited, Braeside Properties Ltd, Cadskills Pte Limited and Colt Construction Inc.

WorleyParsons and Egypt to get nuclear

Friday, June 19, 2009

Bloomberg reported that WorleyParsons (ASX: WOR) Australia’s largest engineering company, signed a nuclear-energy consulting and engineering contract with the government of Egypt, Cabinet spokesman Magdy Rady said today in an interview.

The contract is worth 896 million Egyptian pounds ($160 million), Electricity and Energy Minister Hassan Younes told reporters today after signing the deal.

Under the contract, the company will provide engineering and advisory services for Egypt’s first nuclear-power plant.

The agreement also includes training Egyptian nuclear engineers, advising on which technology to use and best construction locations, Younes said.

In May, the Egyptian government canceled a similar consulting contract with the Bechtel Group Inc. after disagreements over the legal terms of the contract.

Egypt is studying the construction of as many as 10 nuclear-power plants to meet soaring energy demand, while cutting emissions of greenhouse gases.

With energy demand in Egypt growing at 7 per cent a year it is likely that it will become firmly on the radar for Australian uranium suppliers, safeguard agreements notwithstanding.

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