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Dow Jones Newswires: Shell’s Qatar Pearl GTL Appears To Show Cost Rise

Thursday July 27th, 2006 / 10h02 
LONDON -(Dow Jones)- Royal Dutch Shell PLC (RDSB.LN) may have once again fallen victim to industry-wide cost inflation for its wholly-owned Qatar Pearl Gas-To-Liquids project, as the rising price of oil may push project costs to more than double according to Dow Jones Newswires calculations.

The company previously said the project, for which investment was approved Wednesday, would cost $6 billion.

However, a cost of $4 to $6 per barrel of oil, combined with an expected output of 3 billion barrels-of-oil equivalent over the lifetime of the project, could mean a $12 billion to $18 billion total cost, according to Dow Jones Newswires calculations. 

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