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Markets :: Basic Chemicals :: Petrochemicals :: Ethylene

Total Partners with Kuwait Petroleum, Sinopec in Donghai Island Petchems Project

10:28 AM MST | January 26, 2012 | Natasha Alperowicz

Kuwait has confirmed that it has selected Total as the partner in a previously announced $9-billion refinery and petrochemical complex to be built at Donghai Island near Zhanjiang, China. Kuwait’s Oil Minister Mohammad Al Baseeri said that Kuwait had reached an agreement with Total on the project. A deal is expected to be signed in February based on a memorandum of understanding concluded with Total. Shell withdrew from the project a few years ago to concentrate on other investments in China. Total chairman Christophe de Margerie said more than a year ago...

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