SOURCE: Industrial Info Resources

August 19, 2008 06:00 ET

Middle East Infrastructure Projects Boom as OPEC Oil Exports Target $1 Trillion for 2008, an Industrial Info News Alert

JOHANNESBURG, SOUTH AFRICA--(Marketwire - August 19, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Oil export revenues earned by member countries of OPEC are set to reach a record total of over $1 trillion by the end of 2008 and continue on an upward trend into 2009, according to estimates by the U.S. Energy Information Administration. In the first seven months of 2008, OPEC members earned a record $642 billion for oil exports. Civil construction and power generation projects are growing at a record pace. Bechtel Group Incorporated (San Francisco, California) and WorleyParsons Limited (ASX:WOR) (North Sydney, Australia) are among the bidders for a nuclear power project in United Arab Emirates, and Thorium Power Limited (OTC:THPW) (McLean, Virginia) is advising the country on setting up an independent federal authority for nuclear regulation.

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