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IHS CERA: Downstream capital costs turn upward

12/21/2009
Costs of designing and building refineries and petrochemical plants have ended a brief decline, according to IHS Cambridge Energy Research Associates.An IHS CERA downstream capital costs index, which assigns 2000 costs a value of 100, rose to 172.5 for the 6 months ending in the third quarter of 2009 from 170 in the previous 6-month period.The first-quarter index was down 9% from the 2008 peak. The index provides a benchmark for comparing global costs. It is based on proprietary databases and analytical tools."Just as we saw the beginnings of a downturn cost trend after the third quarter of 2008, we are now seeing the beginnings of a turnaround as the return to economic growth in mos...
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