Middle East Economic Survey

VOL. LIV

No 50

12-Dec-2011

KUWAIT

KPC And Unipec Sign Oil Supply MOU

Kuwait Petroleum Corporation (KPC) and Chinese trading company Unipec announced on 8 December the signing of a memorandum of understanding (MOU) for the supply of up to 300,000 b/d of crude oil to the end of 2021. KPC estimated its exports to China at 225,000 b/d earlier this year, and said it is looking to increase supplies to 500,000 b/d when a joint venture refinery/petrochemicals complex in...