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Kuwait's USD 9 bln refinery and petrochemical complex gets final go-ahead for major Chinese refinery

March 11/2011

(Arabian Oil and Gas) -- The mayor of Zhanjiang, the Southern Chinese city which will host Kuwait"s USD 9 bln refinery and petrochemical complex, pledged to strive for officially putting the project into operation on the eve of the opening of the Guangdong Provincial Games in 2014.

"This is also a common dream of entire 7.5 mln people in our city," Zhanjiang Mayor Ruan Risheng  said, adding that the project will play a significant role in the economic and social development of whole Guangdong Province in general and the city"s petrochemical industry particularly, according to the Zhanjiang Daily.

The joint venture between KPC and Sinopec entails a 15 million-tonne-a-year (300.000 barrels per day (bpd)) refinery, a 1 million-tonne-a-year ethylene plant and related utilities, as well as support facilities such as a crude jetty, product oil and chemical jetties, a bulk jetty and oil product pipelines to an initial station, the Chinese government has said earlier.

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