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

Green Car Congress

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.

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

Green Car Congress

Chinese capacity is scheduled to increase significantly this year because of the start of at least two new refinery projects and a major refinery expansion. A new 230,000 b/d refinery operated by a joint venture between state-owned-firms OQ (of Oman) and Kuwait Petroleum International is set to come online in Duqm, Oman, likely in early 2023.

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Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

Novatek and its partners Total and Chinese National Petroleum Company still lack $15 billion of the $27 billion needed to finance the Yamal LNG plant. naval power, the Chinese, for example, prefer pipeline natural gas supplies over seaborne LNG supplies. This could lead the Europeans and Chinese to search for other suppliers.

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Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

Green Car Congress

Canada, Mexico (foreign investment), and also Russia (Chinese investment), that will have the financial wherewithal to grow output to satisfy the 18 million barrel per day increase in demand that OPEC sees by 2040. As we have pointed out, RBC Capital’s fragile five , Algeria, Libya, Nigeria, Iraq and Venezuela, the pain is intense.

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Polestar’s Q3 revenue and gross profit skyrocket, operating loss trims by 33%

Teslarati

Polestar is currently recognizing its active markets as Australia, Austria, Belgium, Canada, China, Denmark, Finland, Germany, Hong Kong, Iceland, Ireland, South Korea, Kuwait, Israel, Italy, Luxembourg, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the UAE, U.K., and the USA.

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