Kuwait eyes Dow, BP, Shell for possible China plant
Dow Chemical Co. and either British Petroleum or Shell may be partners in a joint-venture refinery project in China that Kuwait is considering to help build, Reuters reports. Kuwait said in December it agreed with China to study setting up the joint venture refinery and petrochemical complex between PetroChina and a unit of state-run Kuwait Petroleum Corp. (KPC). The plant is estimated to cost about $5 billion. The plant''s capacity is estimated to be 200,000-300,000 bpd.