| Gulf projects may slow |
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The Middle East may see fewer oil and gas projects in the near future due to a shortage of available contractors, reported Gulf News. Abdul Aziz Alidi, business development manager of new projects at Arab Petroleum Investments Corp, said a short-term slowdown is likely until the expected arrival of new firms from China, South Korea and Russia help alleviate the bottleneck. He said the influx of contractors will also help lower contract costs, which have been climbing.
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