Tuesday, August 19, 2008

Kuwait's investment in Chinese JV could increase to US$9 bln

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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