Showing posts with label KPI. Show all posts
Showing posts with label KPI. Show all posts

Monday, September 28, 2009

BP, Kuwait to Build Refinery in China

Energy giant BP (BP) is collaborating with Kuwait to build a $9 billion refinery venture in southern China. The facility, in China's Guangdong province, would have a refining capacity of 300,000 barrels per day.

The facility would be 30 percent owned by KPI, Kuwait's state run oil company. Chinese refiner Sinopec (SHI) would have a 50 percent stake, while Dow Chemical (DOW) and Shell (RDS.A) (RDS.B) would each take a ten percent stake. Work on the refinery is expected to commence by March of 2010.



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