Total inks deal with Kuwait Petroleum Corp to buy stake in Zhanjiang refinery and petrochemicals project

Total has signed an agreement with two units of state-run Kuwait Petroleum Corporation to take a stake in the Zhanjiang refinery and petrochemicals platform in China, as per Reuters. Total, Kuwait Petroleum International and Petrochemicals Industries Company have signed a memorandum of understanding (MoU) to take part in the development of the 300,000 bpd full-conversion refinery integrated with petrochemicals and marketing, in partnership with China's Sinopec. It would be designed to process Kuwaiti crude as feedstock and produce high-quality refined and petrochemicals products.
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