KPC explores large-scale refinery and petrochemicals projects with Indian majors

10-Dec-07

Talks are on between Kuwait Petroleum Corp.(KPC) and Indian majors - Reliance Industries Ltd. and Indian Oil Corp. Ltd., to build large-scale refinery and petrochemicals projects in India. KPC is not looking to buy stakes in existing refineries and is mulling greenfield or joint acquisition. The planned capacity of a large-scale refinery could range between 150,000 to 400,000 bpd, while the large-scale petrochemical plant could be between 800,000 and 1 million tpa. Several factors point out that KPC may be interested in IOC's proposed 300,000 bpd refinery at Ennore, Tamil Nadu. As part of its expansion and growth plans KPC is also exploring investment opportunities in other Asian countries.