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Iran leads growth in contract awards

“The opening up of Iran after its 2015 nuclear deal and counter-cyclical projects spending by Gulf nations helped to push oil and gas contract awards in the Middle East and North Africa (Mena) region up by 27 per cent in 2017 compared with the previous year.

The total sum of all engineering, procurement and construction (EPC) deals signed in the oil, gas and petrochemicals sector was $54.4bn, up from $42.7bn in 2016. The biggest drivers of the growth were…..”

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