Thursday, March 31, 2011

Kuwait, China sign US$9 billion oil refinery deal

The Chinese capital Beijing hosted the signing ceremony of the agreement to launch the joint Kuwait - China oil refinery, which is worth US$9 billion. Its capacity will be 300,000 barrels per day. The agreement signed between the representative of Kuwait Petroleum Corporation and the Chinese "Sinopec".

Project contributes to the marketing of Kuwaiti oil in one of the most important oil markets in the world
� 2011 Al Bawaba (www.albawaba.com)

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Source: http://www1.albawaba.com/main-headlines/kuwait-china-sign-us9-billion-refinery-deal

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