The Kuwaiti state oil company, Kuwait Petroleum Corporation, and China Petroleum and Chemical Company, known as Sinopec, (NYSE: SNP) are well along on plans to build a new 300,000 barrel per day refinery in Guangdong province. The total cost of the project is estimated at $8-$9 billion.
Kuwait Petroleum will own 30% of the project, Sinopec will own 50%, and Royal Dutch Shell plc (NYSE:RDS-A) and Dow Chemical Company (NYSE:DOW) will each own 10%.
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- Silvervancouver
- MSEE /P.Eng A Bussiness Thinker,Researcher and Innovator.My research scope involve the Security,Smart Building,Information and Communication Technology,Mobile Internet,Social Media ,E-commence,E-Government,E-Health and E-Education.I love the technology to help our earth,and makes learning fun.I believe the technology will change the way we live,work and play.Let's do amazing!
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