Total SA has signed a memorandum of understanding with two wholly owned subsidiaries of Kuwait Petroleum Corp. to participate in a refining and petrochemical complex planned in Zhanjiang, China, in partnership with China Petroleum & Chemical Corp. (Sinopec; OGJ Online, Aug. 11, 2009).
The KPC units are Kuwait Petroleum International (KPI) and Petrochemicals Industries Co. (PIC).
The project includes a full-conversion, 300,000-b/d refinery designed to run Kuwaiti crude oil.
Total said it, KPI, and PIC have agreed to form a consortium potentially to hold interests in two joint ventures with Sinopec.
