IHS CERA Report Shows Continued Increase in Refinery Construction Costs

http://press.ihs.com/article_display.cfm?article_id=4265

HIS CERA does a very good report on capital project costs for process industries, and refining is chief among these. According to their latest report, "The costs for designing and constructing downstream refining and petrochemical projects rose 1.5 percent from Q3 2009 to Q1 2010, according to the latest edition of the IHS
CERA Downstream Capital Costs Index (DCCI). It was the second straight increase for the index since prices bottomed out at 9 percent below peak 2008 levels– costs are now just 6.5 percent below peak 2008 levels." Check out the link for the full press release.