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...