Kuwait, China hold groundbreaking ceremony for $9 billion refinery
Kuwait and China jointly held a groundbreaking ceremony for a $9 billion refinery and petrochemical complex in the southern Chinese city of Zhanjiang, with completion scheduled for late 2014, Kuwaiti Consul General in Guangzhou Abdulwahab Al-Sager said yesterday.
China Petroleum and Chemical Corp, which is Asia's largest oil refiner and is also known as Sinopec, plans to build a large-scale refining and chemical base in Singapore, the China Business News reported on Monday, citing an unnamed official from the Singapore Economic Development Board as saying.