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Kuwait Petroleum set to sell 20 stake in Sinopec JV |
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Monday, 17 October 2011 00:43 |
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Kuwait: Farouk al-Zanki, the chief executive of Kuwait Petroleum Corp (KPC) has said the firm is looking to sell around 20% of its stake in a $9bn
joint project with Sinopec in China to an international oil company, Reuters has reported. The plant to be built in the southern city of Zhanjiang in Guangdong province includes a 300,000 barrels per day (bpd) refinery and a one million tonne-per-year ethylene complex. [AMEInfo.com] Read more:
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