Shell, KPI to seek downstream investments

Royal Dutch/Shell Group and Kuwait Petroleum International Ltd. have signed a memorandum of understanding to pursue downstream investments worldwide.

March 24, 2005

By OGJ editors
HOUSTON, Mar. 24 -- Royal Dutch/Shell Group and Kuwait Petroleum International Ltd. (KPI) have signed a memorandum of understanding to pursue downstream investments worldwide.

Shell, which has been involved in joint studies in Kuwait's upstream activities since the mid-1990s, and KPI will focus on opportunities in areas with strong fundamentals such as high growth in product demand.