19 December 2007 08:54 [Source: ICIS news]
MUMBAI (ICIS news)--Kuwait Petroleum Corp (KPC) plans to build a mega-refinery-cum-petrochemicals project in India in partnership with a local company to feed Asia’s rising demand, a company source said on Wednesday.
“The company is very much interested in doing business in ?xml:namespace>
There has been some positive progress in other Asian countries, where KPC wants to set up operations, like
Last week, KPC’s CEO Saad Al-Shuwaib was in
“We would like to have something in
KPC wants to use crude from
The company was increasing its crude production in northern
“We would like the
The company was looking to set up the project in not less than three-to-four years, he said.
The project would be a world-scale one, but the multi-billion dollar investments and other details will be decided only once the local partner is finalised, the source said.
“The refinery capacity would definitely be upwards of 200,000 bbl/day. Details of the petrochemicals complex have still not been frozen,” he added.
Al-Shuwaib had said last week that KPC continued to be committed to
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