Kuwait Petroleum International (KPI) has formed a oint venture with China's biggest oil refiner Sinopec Corp. at an initial investment of US$5 bln in the Nansha, Guangzhou. The investment outlay is esstimated, at this stage, to spike to US$9 bln.
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Tuesday, August 19, 2008
Kuwait's investment in Chinese JV could increase to US$9 bln
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