Feb 14 2012 |
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Kuwait To Complete China/Total Deal Feasibility Study Soon-KPC Head
Tuesday, Feb 14, 2012
(This story was originally published Monday.)
KUWAIT CITY (Dow Jones)--Kuwait will complete the feasibility study soon for a joint venture deal with and France's Total SA (TOT) to build a 300,000 barrel per day refinery and 1 million metric ton-per-year ethylene complex in the southern city of Zhanjiang in China, the head of the country's state oil company said Monday.
"Kuwait Petroleum Corp. has already formed a team to do a feasibility study on the project in China, and the team is expected to complete it soon," KPC Chief Executive Farouk al-Zanki said on the sidelines of an energy conference in Kuwait.
KPC's main partner in the $9 billion joint venture is China Petroleum and Chemical Corp. (0386.HK), or Sinopec. Kuwait's oil minister has said that other Chinese firms would be included in the project.
(END) Dow Jones Newswires
14-02-12 0319GMT
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