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Updated Wednesday, December 5, 2007 0:00 am TWN, Bloomberg

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Sinopec, Kuwait get OK to start oil refinery project

SHANGHAI -- China Petroleum & Chemical Corp. and Kuwait Petroleum Corp. received government approval to start initial work on an oil refinery and chemical project in southern China. The proposed ethylene plant in Nansha in the province of Guangdong will produce 1 million metric tons a year of the chemical, Sinopec, as China Petroleum is known, said in its online newsletter today, without giving the refinery size. The approval allows the partners to start feasibility studies on the project, said Sinopec spokesman Huang Wensheng.

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