Tatneft contracted Fluor in September 2007 to supply project management services for the Taneco refinery undertaking. Fluor also delivered choose engineering, procurement and building management services to the utilities along with the sophisticated’s infrastructure.
Its shares were pummeled — they dropped seventy five per cent just past 7 days — as investors feared that it might are unsuccessful.
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Representatives for California’s banking regulator, which would go ahead and take lead in declaring whether the San Francisco-primarily based lender has failed, didn’t reply to requests for comment.
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The refinery is utilized to course of action significant-sulphur crude into significant-price items. Tatneft owns about 900 million tonnes you could try here of oil reserves.