Delays Start to Plague Giant Saudi Downstream Projects as Ras Tanura and PetroRabigh Plants Slip Be

[phantom power]

Saudi projects could be regarded as safe, as the financial muscle of state-owned giant Saudi Aramco virtually guarantees the financing of these politically important projects. Nevertheless the delays and soaring costs will add significant inconvenience to all parts in a market where growth is evaporating and future demand levels, as well as investments, become increasingly uncertain.

http://www.zawya.com/Story.cfm/sidZAWYA20080923064052/KSA%20petrochemical%20projects%20facing%20mounting%20costs,delays