article thumbnail

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.

Kuwait 186
article thumbnail

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

Green Car Congress

OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil. Market” forces include many components.

article thumbnail

Landsat Proved the Power of Remote Sensing

Cars That Think

The first was a television-style camera system (called a Return Beam Vidicon, or RBV) built by the Radio Corporation of America. government did not yet know about the Soviet’s crop failure and the ripple effects it would have on the global market, and farmers were happy to sell. On board were two different imaging instruments.

Power 113
article thumbnail

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

Green Car Congress

Saudi Arabia and Kuwait might, and should be encouraged to do so. Financial markets divest fossil-fuel assets and reallocate capital to low-carbon firms. Green-technology corporations dominate the Fortune 500 by 2030. Europe lags behind China and the United States because its single market remains less integrated.

Carbon 207