Kuwait looks to revive U.S. refinery project

Kuwait may revive plans to build a joint venture refinery in Louisiana after the Gulf Arab state cancelled last year a joint venture deal with U.S. petrochemical giant Dow Chemical Co, Al-Watan newspaper reported on Wednesday.

The joint-venture refinery project in Louisiana would be considered compensation to the U.S. for cancelling the Dow project, the paper reported, citing unidentified sources.

Kuwait and the state of Louisiana signed in 2006 a memorandum of understanding to add refining capacity in the southern state.END