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November 8, 2008

$460bn of energy projects in limbo after credit crunch

By Yazad Darasha

There is a question mark over about half-a-trillion dollars worth of energy projects in the Gulf that are in varying stages of completion, a US-based strategy advisory firm in global energy has said.

A worldwide slowdown in lending has put the completion of these energy projects in jeopardy, according to Raja Kiwan, an analyst with the Washington DC-based PFC Energy.

Full Story...

Posted by boyang at November 8, 2008 11:50 PM