Middle East Economic Survey

VOL. LI

No 2

14-January-2008

REGIONAL/GCC

MENA’s Proposed Refining Capacity Additions Face Costs/Engineering Challenges

Surging raw material costs and a region-wide shortage of engineering capacity are likely to cut by more than half the ambitious plans to boost Middle East and North Africa (MENA) refining capacity. On paper, capacity could rise by at least 9mn b/d by 2015 (see table below). The total cost of these projects could be well over $130bn...