China Approves Sinopec-Kuwait Petroleum's Refinery and Petchems JV

摘要

China's National Development and Reform Commission (NDRC; Beijing), China's top economic planning agency, has approved a previously announced $9-billion refinery and petrochemical joint venture between Sinopec and Kuwait Petroleum, according to local reports. The news follows environmental and technical approvals of the project by the Chinese gov- ernment last year.