KBR
MIDDLE EAST of them . When the oil prices go down most operators , including those in the Middle East , think about how much juice they can get out of their existing facilities by doing revamping and debottlenecking projects as opposed to spending a lot of money on new capital projects .”
At the end of the day , using Micawber economics the Middle East is a happy oil producer because it is among the few selling at more than the cost of production . It also has to keep the wells flowing , and the exploration drills turning because true diversification is some way from being realized . For now the diversification is itself oil based , as the Gulf states spend and spend on downstream derivatives and chemicals . This again represents an opportunity for KBR .
A KBR project for Egypt Basic Industries Corporation
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