War uncertainties delay construction projects

04/14/2003
Oil and natural gas engineering and construction contractors say that some downstream industry projects could be delayed due to economic and safety concerns arising from the US/Iraq armed conflict. "Although the conflict with Iraq won't have much of an effect for clean fuels-oriented licensing and detailed engineering work," said Charles Cameron, director of business development for Axens SA in Paris "some construction will almost certainly be delayed for awhile, especially in the petrochemical industry."Most refinery projects will move forward as refiners plan to meet upcoming US and European gasoline and on-road diesel standards.However, petrochemical projects are likely to be dela...
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