Middle East Economic Survey

VOL. LIV

No 12

21-Mar-2011

KUWAIT

Kuwait And China Sign Agreements For $9Bn Refinery/Petchem Project

Kuwait and China signed agreements on 16 March for a $9bn deal to build a joint venture oil refinery and petrochemicals plant in southern China. This comes after Chinas National Development and Reform Commission (NDRC) granted final approval for the project (MEES, 14 March). The complex, set to be located on Donghai Island in the southern coastal city of Zhanjiang,...