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Kuwait Petroleum, Sinopec in $9B refinery joint venture in China

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The Chinese government recently granted final approval for a joint venture project between Kuwait Petroleum Corporation (KPC) and China Petroleum and Chemical Corporation (Sinopec), one of the world’s largest refiners, to build a world-class refinery and petrochemical complex in south China. Earlier post.).

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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

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More recently, the 615,000 b/d Al Zour refinery in Kuwait—the largest in the country when it becomes fully operational—began initial operations earlier this year and the facility’s operators expect to increase production through the end of 2022.

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Bounce Infinity Raises $20M in Funding from Existing Investors

Electric Vehicles India

The company ships to South Africa, Nepal, Kuwait, South America, and Sri Lanka. EV plans for Bounce Infinity also include building a battery swap network. Innoven Capital, B Capital, Accel, Falcon Edge, Qualcomm, Maverick Capital, Chirate, and Omidyar Network are investors in Bounce. As of now, it has raised more than $220 million.

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Oil price tumbles after OPEC releases 2015 forecast

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We have had very bearish API data with large stock builds across the board, and also a very bearish Short-Term Energy Outlook from the EIA, with a sharp reduction in demand growth forecasts for next year.”. The exceptions, the news agency reports, are Kuwait and Qatar. Abhishek Deshpande, an oil market analyst at Natixis, agreed.

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Opinion: OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?

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Together, the three quotes provide a framework for analyzing Saudi options heading into the December 4 OPEC meeting in Vienna and its choices vis-à-vis the OPEC outsiders (all members but Saudi Arabia and its Gulf Arab allies, Kuwait, UAE, Qatar): reconciliation, separation, or divorce. If You’re a Free Range Oil Producer.

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Opinion: Is Russia Plotting To Bring Down OPEC?

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Putin has aligned Russia with OPEC’s have-nots—the members lacking financial resources to withstand low crude prices for an extended period and that have objected to Saudi policies (Iran, Iraq, Angola, Nigeria, Libya, Algeria, Ecuador, and Venezuela)—against the haves (Saudi Arabia, Kuwait, the UAE, and Qatar).

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Europe/US team: transitioning to a low-carbon world will create new rivalries, winners and losers

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Saudi Arabia and Kuwait might, and should be encouraged to do so. G20 countries build a generous Green Climate Fund, well above the $100-billion-a-year goal in the Paris climate agreement. China is keen to improve air and water quality and build ‘national champions’ in industry. —Goldthau et al. Big green deal. ?This

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