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{International: Euphrates News}
Magazine reported Med} {economic markets that Iraqi and Kuwaiti projects may dominate the oil and gas and petrochemicals, which will be knocked down in the first quarter of next year, and the value of these projects up to 137 billion dollars.
It was expected that the "controlled spending on projects Altaft hydrocarbons during the next twelve months, particularly the countries of the Middle East and North Africa are still controlled by high prices for its crude oil exports."
Confirmed {Med} that "new markets in the region will see an increase in spending on vital projects that are implemented according to the system engineering, procurement and construction {EPC}, and despite the decline in the number of projects that have been knocked down in both Saudi Arabia and the UAE, the period between June 2013 and May 2014 witnessed the signing of contracts for projects in the sectors of oil, gas and petrochemicals worth more than about 14.5 billion dollars from what was signed contracts during the same period a year ago. "
Reported that "Iraq is on the verge of large-scale projects in the production sector, while Kuwait has large projects in the refining and distribution segment, along with the new refinery, which floated tenders its own earlier this month, and the estimated value of this project is estimated at 11 billion dollars." This is the new refinery major anchor to Kuwait in hopes of meeting the growing demand for electricity. "
She added that "the jump witnessed by the value of contracts signed during the year, went to Kuwait and Iraq, both of which began in the implementation of projects in accordance with the requirements of infrastructure in energy projects. At the level of Kuwait, established three working groups valued at 12 billion dollars, while Iraq has signed contract Karbala refinery project at a cost of six billion dollars, becoming the two countries, the world's biggest spenders on contracts during the past twelve months. "
In the meantime, the magazine pointed out that "this progress in the signing of the projects on the shift indicator trends that govern the energy industry in the region, which has seen a huge investment is periodically by Saudi Arabia and Abu Dhabi during the period between 2009 and 2012." Ended.
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Magazine reported Med} {economic markets that Iraqi and Kuwaiti projects may dominate the oil and gas and petrochemicals, which will be knocked down in the first quarter of next year, and the value of these projects up to 137 billion dollars.
It was expected that the "controlled spending on projects Altaft hydrocarbons during the next twelve months, particularly the countries of the Middle East and North Africa are still controlled by high prices for its crude oil exports."
Confirmed {Med} that "new markets in the region will see an increase in spending on vital projects that are implemented according to the system engineering, procurement and construction {EPC}, and despite the decline in the number of projects that have been knocked down in both Saudi Arabia and the UAE, the period between June 2013 and May 2014 witnessed the signing of contracts for projects in the sectors of oil, gas and petrochemicals worth more than about 14.5 billion dollars from what was signed contracts during the same period a year ago. "
Reported that "Iraq is on the verge of large-scale projects in the production sector, while Kuwait has large projects in the refining and distribution segment, along with the new refinery, which floated tenders its own earlier this month, and the estimated value of this project is estimated at 11 billion dollars." This is the new refinery major anchor to Kuwait in hopes of meeting the growing demand for electricity. "
She added that "the jump witnessed by the value of contracts signed during the year, went to Kuwait and Iraq, both of which began in the implementation of projects in accordance with the requirements of infrastructure in energy projects. At the level of Kuwait, established three working groups valued at 12 billion dollars, while Iraq has signed contract Karbala refinery project at a cost of six billion dollars, becoming the two countries, the world's biggest spenders on contracts during the past twelve months. "
In the meantime, the magazine pointed out that "this progress in the signing of the projects on the shift indicator trends that govern the energy industry in the region, which has seen a huge investment is periodically by Saudi Arabia and Abu Dhabi during the period between 2009 and 2012." Ended.
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