Middle East Economic Survey

VOL. LII

No 41

12-Oct-2009

Ras Tanura Petrochemical Complex Expected To Cost $23-26Bn

Despite the fall in engineering, procurement and construction (EPC) prices over the last year, the cost of implementing the Ras Tanura integrated refinery and petrochemicals complex was estimated at around $23-26bn when the joint venture partners met in London last week, MEES understands. This helps to illustrate the sheer size of undertaking, sponsored by Saudi Aramco and US company...