Petrochina and Kuwait to build refinery in Pearl River Delta

25 April 2006

Beijing, China, 25 April – China’s Petrochina Co. and Kuwait may build an oil refinery in a joint venture in the Pearl River Delta region of China, the executive vice-governor of Guangdong province, Zhong Yangsheng said Saturday in Hainan.

The Guangdong government is due to announce the location of the refinery soon, Zhang told journalists during the Boao Forum for Asia held in Hainan.

Zhang declined to give any further details of the project, according to Chinese news agency Xinhua.

China, which is the world’s second-largest oil consumer after the United States, is encouraging oil companies to expand their refining capacities in order to meet the country’s increasing power requirements.

In December, Kuwait’s oil minister, sheik Ahmad Fahd al-Sabah, visited Guangdong to meet with Petrochina executives.

The refinery planned by Kuwait will have the capacity to process 400,000 barrels of oil pr day, the Kuwait News Agency reported in December, citing al-Sabah.

The news agency added that Kuwait would provide the oil for the Guangdong refinery. (macauhub)