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Kuwait says has alternatives for China refinery- oil min

Reuters UK

KUWAIT, Dec 13 (Reuters) – Kuwait has an “alternative” investor for its joint venture China refinery with Sinopec (600028.SS) if Royal Dutch Shell (RDSa.L) pulled out from the project, the country’s oil minister said on Sunday.

“In return, we have another investor, there are alternatives,” Sheikh Ahmad al-Abdullah al-Sabah said, adding that Kuwait has not received anything official from Shell that it has exited the planned joint venture.

Earlier this month, Shell said it had withdrawn from a joint venture with China’s Sinopec (600028.SS), Kuwait Petroleum International, and Dow Chemical (DOW.N) to build a refinery and petrochemical plant in China. [ID:nWLA9871]

In September, a Kuwait oil executive said the OPEC member was in talks with British firm BP (BP.L) as a potential partner in the $9 billion joint venture refinery. [ID:nLS214007]

(Reporting by Rania El Gamal; Editing by Thomas Atkins)

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