Wednesday, October 22, 2008

Petrochemical boom in the Gulf decelerates

Engineering, procurement and construction (EPC) contracts awarded in the Gulf petrochemicals sector for 2005 totalled to US$17.5 bln and US$16.3 bln in 2006. The value of EPC contracts for 2007 more tthan halved below US$7 bln signaling the beginning of the end of the boom in the Gulf petrochemical sector.

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