Kuwait Petroleum Corp is considering Royal Dutch Shell and Dow Chemical Co as possible partners in a 250000-300000 bpd refinery planned as a joint venture with Sinopec in Guangdong. Sinopec will hold about 50-51% stake of the Nansha refinery to be located in Southern China. The refinery will include a petrochemical plant with annual ethylene output of 1 mln tons. Petrochemical production helps ensure profitability in a market where fuel prices are tightly controlled by the government.
KPC awaits final approval from China's main economic planning agency- National Development and Reform Commission and from the environment ministry. State-owned KPC and Sinopec, Asia's top refiner, received preliminary government approval for the Guangdong plant in 2006.
03-Jun-08 
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