Shaw Selected to Provide Engineering and Design for Two Grassroots Refineries in Iraq

The Shaw Group Inc. (NYSE: SGR) today announced its Energy & Chemicals Group has signed two contracts with the Republic of Iraq’s Ministry of Oil to provide feasibility studies and front end engineering and design (FEED) for two grassroots 150,000 barrels per day refineries near the cities of Maissan and Kirkuk in Iraq.

The FEED work includes all process units, offsite facilities and utilities for both refineries. The new refineries are part of Iraq’s development program and will address the country’s demand for fuels, alleviate domestic shortages and reduce imports.

The value of Shaw’s contracts, which will be included in the company’s fourth quarter fiscal year 2009 backlog of unfilled orders, was not disclosed.

“This is the first significant project for Shaw’s Energy & Chemicals Group in Iraq and will further enforce Shaw’s commitment to the Middle East region,” said Lou Pucher, president of Shaw’s Energy & Chemicals Group.

In March 2009, Shaw opened a new office in Abu Dhabi, United Arab Emirates, to support its increasing activity throughout the Middle East. Shaw has operated an ASME certified pipe fabrication facility in Bahrain since 1994.

The Shaw Group Inc. is a leading global provider of technology, engineering, procurement, construction, maintenance, fabrication, manufacturing, consulting, remediation and facilities management services for government and private sector clients in the energy, chemicals, environmental, infrastructure and emergency response markets. A Fortune 500 company with fiscal year 2008 annual revenues of $7 billion, Shaw is headquartered in Baton Rouge, La., and employs approximately 26,000 people at its offices and operations in North America, South America, Europe, the Middle East and the Asia-Pacific region. Shaw is the power sector industry leader according to Engineering News-Record’s list of Top 500 Design Firms. For further information, please visit Shaw’s Web site at www.shawgrp.com.

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