Total signed an agreement with two units of state-run Kuwait Petroleum Corporation (KPC) on Tuesday to take a stake in the Zhanjiang refinery and petrochemicals platform in China, the French oil giant said.
Total and the KPC units signed a memorandum of understanding to take part in the development of the 300,000 barrel-per-day refinery in partnership with Chinese refiner Sinopec , Total said.
It would be designed to process Kuwaiti crude as feedstock and produce high-quality refined and petrochemicals products, Total said, without giving an estimate of the investment involved in the deal.
Total and the KPC units signed a memorandum of understanding to take part in the development of the 300,000 barrel-per-day refinery in partnership with Chinese refiner Sinopec , Total said.
It would be designed to process Kuwaiti crude as feedstock and produce high-quality refined and petrochemicals products, Total said, without giving an estimate of the investment involved in the deal.
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