Jan 03 2012 |
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Kuwait Petroleum Corporation's CEO in China For Refinery Talks
BEIJING - Kuwait Petroleum Corporation 's ( KPC ) Chief Executive Officer Farouk Al-Zanki is in Beijing to hold a series of meetings with Chinese oil executives, including on a planned refinery and a petrochemical complex in south China.
The US$ 9 billion project with Asia's top refiner Sinopec, potentially to be the largest Sino-foreign joint venture in China, involves a 300,000 barrel-per-day refinery, a 1 million-ton-a-year ethylene plant and a retail network in Guangdong Province.
KPC and Sinopec will each hold an equal 50 percent stake in the world-class integrated complex, to which Kuwait will be a sole crude oil supplier.
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