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(Reuters) --
Total has signed an agreement with two units of state-run Kuwait Petroleum
Corporation to take a stake in the Zhanjiang refinery and petrochemicals
platform in China.
Total, Kuwait Petroleum International and
Petrochemicals Industries Company have signed a memorandum of understanding
(MoU) to take part in the development of the 300,000 bpd full-conversion
refinery integrated with petrochemicals and marketing, in partnership with
China's Sinopec. It would be designed to process Kuwaiti crude as feedstock and
produce high-quality refined and petrochemicals products.
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