Downstream construction projects on the rise

The number of downstream oil and gas processing projects has steadily increased over the last 4 years, according to Oil & Gas Journal's Worldwide Construction Survey.Click here to view the Construction Update in PDF. Click here to enlarge imageCounting construction projects in refining, petrochemical, gas processing, and pipeline sectors, the number of projects increased to 1,757 in 2004 from 1,682 in 2003, 1,665 in 2002, and 1,645 in 2001(Fig. 1). Contributing to growth are refining margins up as much as 14%, upcoming low-sulfur fuel specifications in the US and Europe, high refining utilization rates, strong petrochemical demand, and increased energy demand in China and India.Refin...

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