Middle East Economic Survey
Kuwait, China Sign MOU For $5Bn Refinery, Petchems Plant In China
Kuwait and China on 5 December signed a memorandum of understanding (MOU) to a build a $5bn joint venture refinery and a petrochemical plant in Chinas Guandong province. Kuwaiti Energy Minister Shaikh Ahmad al-Fahad al-Sabah said the refinerys capacity would range from 200,000 b/d to 400,000 b/d and would come onstream by 2010. The refinery and the plant, he...