Kuwait Petroleum Corporation's (KPC) Chief Executive Officer Farouk Al-Zanki is in Beijing to hold a series of meetings with Chinese oil executives, including on a planned refinery and a petrochemical complex in south China. The US$ 9 billion project with Asia's top refiner Sinopec, potentially to be the largest Sino-foreign joint venture in China, involves a 300,000 barrel-per-day refinery, a 1 million-ton-a-year ethylene plant and a retail network in Guangdong Province. KPC and Sinopec will each hold an equal 50 percent stake in the world-class integrated complex, to which Kuwait will be a sole crude oil supplier. With an eye to starting operations of the refinery part at the end of 2014, construction has already begun, according to a report of Kuwait News Agency "KUNA".
