Jun 04 2011 |
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Chinese delegation to visit Kuwait for $9 billion refinery project --
Al-Sager By Miyoko Ishigami (with photos) Guangzhou, CHINA, June 4 (KUNA) -- A high-level delegation from the southern Chinese city of Zhanjiang will visit Kuwait next week to discuss final details of a planned USD nine billion refinery and petrochemical project, Kuwaiti Consul General in Guangzhou Abdulwahab Al-Sager said Saturday. The delegation, led by Zhanjiang Municipal Party Committee Secretary Liu Xiaohua, will include local government officials and businessmen, Al-Sager said in a statement to Kuwait News Agency (KUNA), stressing that their visit, at the invitation of Kuwait Petroleum International ( KPI ), will be of considerable importance. KPI , Kuwait Petroleum Corporation 's ( KPC ) international refining and market unit, has been representing Kuwait in marathon negotiations with the Chinese side over the joint mega project to be located in Zhanjiang. "Their talks are expected to focus on some details of the joint venture's final draft and to set a timetable for key actions and technical issues before the project will be launched at the end of this year or early 2012 when KPC Deputy-Chairman of the Board of Directors and CEO Farouk Al-Zanki comes to China," Al-Sager said. The Chinese delegation will also engage in discussions on the establishment of a sister city relationship between Zhanjiang and Ahmadi.Zawya Comment Policy
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