Total SA has signed a memorandum of understanding with two wholly owned subsidiaries of Kuwait Petroleum Corp. to participate in a refining and petrochemical complex planned in Zhanjiang, China, in partnership with China Petroleum & Chemical Corp. (Sinopec; OGJ Online, Aug. 11, 2009).
The KPC units are Kuwait Petroleum International (KPI) and Petrochemicals Industries Co. (PIC).
The project includes a full-conversion, 300,000-b/d refinery designed to run Kuwaiti crude oil.
Total said it, KPI, and PIC have agreed to form a consortium potentially to hold interests in two joint ventures with Sinopec.
About the Author
Bob Tippee | Editor
Bob Tippee has been chief editor of Oil & Gas Journal since January 1999 and a member of the Journal staff since October 1977. Before joining the magazine, he worked as a reporter at the Tulsa World and served for four years as an officer in the US Air Force. A native of St. Louis, he holds a degree in journalism from the University of Tulsa.
