SOURCE: Industrial Info Resources

May 08, 2008 05:00 ET

Kuwait Facing Multibillion-Dollar Cost Escalations in Upgrade Projects and New Refineries, an Industrial Info News Alert

JOHANNESBURG, SOUTH AFRICA--(Marketwire - May 8, 2008) - 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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