[lbo-talk] Kuwait eyes Shell, Dow Chem for China refinery JV

uvj at vsnl.com uvj at vsnl.com
Tue Jun 17 17:50:14 PDT 2008


Reuters.com

UPDATE 1-Kuwait eyes Shell, Dow Chem for China refinery JV http://www.reuters.com/article/companyNewsAndPR/idUSPEK26094120080603?sp=true

Tue Jun 3, 2008

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BEIJING, June 3 (Reuters) - Kuwait Petroleum Corp (KPC) is considering Royal Dutch Shell (RDSa.L: Quote, Profile, Research) and Dow Chemical Co (DOW.N: Quote, Profile, Research) as possible partners in a refinery it intends to build as a joint venture with Sinopec in the southern Chinese province of Guangdong, a senior KPC executive said on Tuesday.

Abdullatif Al-Houti, KPC's managing director for international marketing, said Sinopec (0386.HK: Quote, Profile, Research) (600028.SS: Quote, Profile, Research) (SNP.N: Quote, Profile, Research) would have 50 or 51 percent of the Nansha refinery, which would have a capacity of 250,000 to 300,000 bpd. http://www.reuters.com/article/companyNewsAndPR/idUSPEK26094120080603?sp=true

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