Middle East Economic Survey
VOL. LII
No 50
14-Dec-2009
KUWAIT
Shell Pulls Out Of Kuwait-China Refinery Joint Venture Talks
Shell has pulled out of talks to participate in a joint venture refinery project in China with Kuwait Petroleum International (KPI) and Chinas Sinopec. We can confirm that, due to strategic and commercial considerations, Shell has decided not to pursue the downstream opportunity currently in discussion between KPI and Sinopec, said Shell spokesperson Deena McMullen. The $9bn...
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