Special to WorldTribune.com

ABU DHABI — Kuwait has expanded its presence in China’s energy
sector.

The state-owned Kuwait Petroleum Corp. has reached agreement to
participate in a major Chinese energy program. KPC intends to acquire 20
percent of a $9 billion energy project in China.

“The partnership with one of the international oil companies will enable
KPC to reduce financial risk in addition to gaining international
experience,” KPC chief executive officer Farouk Al Zanki said.

Officials said KPC and China’s Sinopec Corp. were building a 300,000
barrel per day refinery in the southern city of Zhanjiang. Kuwait has been a
leading energy supplier to China and was negotiating several major deals.

  China oil refinery, Kuwait Petroleum Corp., Kuwait Petroleum Corp. partners with China in major energy project, Sinopec Corp., Zhanjiang