Middle East Economic Survey
VOL. XLIX
No 9
27-February-2006
SAUDI ARABIA
Rabigh Refining/Petrochemical Project Costs Jump To $10Bn
The cost of Saudi Arabias Rabigh refining/petrochemicals project has, like many others, succumbed to rising engineering, procurement and construction (EPC) prices, reaching $9.9bn before the project has even started, MEES learns. Rabigh was scheduled to achieve financial close this week and an announcement was expected from the sponsors regarding the increase in costs....
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