06 December 2007 13:19 [Source: ICIS news]
MUMBAI (ICIS news)--Kuwait Petroleum Corp (KPC) is mulling the building of a refinery and petrochemical complex in India in partnership with a local company to feed Asia's rising demand, local media reported on Thursday.
Both KPC and Reliance were unavailable for comment when contacted by ICIS news, however.
KPC was looking at a joint-venture project with Reliance or another Indian partner, the company's CEO Saad Al-Shuwaib reportedly said.
The proposed project could have the capacity to process as much as 400,000 bbl/year of oil and about 1m tonnes/year of chemicals used for making plastics and textiles, according to the reports.
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