Kuwait Facing Multibillion-Dollar Cost Escalations in Upgrade Projects and New Refineries, an Industrial Info News Alert
JOHANNESBURG, SOUTH AFRICA, May 08, 2008 (MARKET WIRE via COMTEX) --
Researched by Industrial Info Resources (Sugar Land, Texas) -- The steep escalation of project costs in the Middle East, and throughout the world, is reflected in upgrade projects and new refineries in Kuwait. Not long ago, projects with total investments of $3 billion to $6 billion were considered to be top of the range. Now a scan of projects being launched in the region, and/or having their budgets reviewed upwards, will identify a significant number over $10 billion.
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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information, send inquiries to refininggroup@industrialinfo.com or visit us online at www.industrialinfo.com.
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Contact: Joe Govreau 713-783-5147
SOURCE: Industrial Info Resources
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