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...less than six-fold since 2002, those of physical commodities and projects in some cases have soared ten-fold. 615,000 b/d oil refining project in Kuwait, for example, in 2002 had a budget of $2 bn; now the cost estimate for this is $20 bn.
While the paper economy is a thing of the rich world, the other one is driven by emerging economies (EEs) such as the petroleum-exporting part of the GME,...
NOTE: All illustrations and photos
have been removed from this article.
More articles from APS Diplomat Operations in Oil Diplomacy
The Kuwait Conference.(Conference news), April 28, 2008
US & Israeli Moves Cause Iran-Syria Split., April 28, 2008
Sunni Bloc Returns To Cabinet., April 28, 2008
Iran's E&P Offensive., April 28, 2008
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