The increase was driven by the Qatari and Iraqi markets, which recorded a growth of 2.8 per cent and 11.8 per cent respectively.
The $4bn rise in the value of Iraqi projects was triggered by signs of renewed activity around South Oil Company’s West Qurna field development scheme.
Table: Gulf projects ($m)
|18 February 2008||11 February 2008||% change on week||18 February 2007||% change on year|
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