Kuwait Has Alternatives for China Refinery

Kuwait has an "alternative" investor for its joint venture China refinery with Sinopec if Royal Dutch Shell pulled out from the project, the Kuwaiti Oil Minister, Sheikh Ahmad Al-Abdullah Al-Sabah, said.

"In return, we have another investor, there are alternatives," he said, adding that Kuwait has not received anything official from Shell that it has exited the planned joint venture.

Earlier December 2009, Shell said it had withdrawn from a joint venture with China's Sinopec, Kuwait Petroleum International, and Dow Chemical to build a refinery and petrochemical plant in China. - Trade Arabia