China Oil Company, Sinopec Corp. Agreed To Build Oil and Gas Rigs in Kuwait
April 6th, 2009
China’s largest oil refiner, Sinopec Corp, has agreed to build five oil and gas rigs in Kuwait after signing a US$350 million contract with the Kuwait Oil Company (KOC).
The five-year deal is the largest the state-run company that is based in Beijing has ever won according to a statement released recently.
Sinopec is also in discussions with Kuwait Petroleum Company to construct a $9 billion refinery and petrochemical complex in the Guangdong Province of China.
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