Sinopec Kuwait Petroleum Corporation joint venture begin from next year

Sinopec and Kuwait Petroleum Corporation joint venture to begin from next year

9:47 PM, 23rd November 2011
Sinopec and Kuwait Petroleum Corporation joint venture to begin from next year

BEIJING,CHINA : China’s top refiner Sinopec and state-run Kuwait Petroleum Corp. (KPC) will begin construction of their  joint venture refining and petrochemical complex in China during the 2012 first quarter.

Kuwait news agency KUNA cited a statement from c, the mayor of the southern city of Zhanjiang, where the complex will be located.

Government officials said the target is to complete construction by the end of 2014 and start operations during the first half of 2015.

The complex is expected to include a 15mn tonne/year refinery, a 1mn tonne/year ethylene cracker and several downstream chemical plants, KUNA said.

China government officials gave their final approval on the project in March.

©WOC news 



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