30 March 2016
ABOUT BP
ABOUT KUWAIT PETROLEUM CORPORATION
DETAILS
BP and Kuwait Petroleum Corporation (KPC)
have signed a framework agreement
to explore possible joint opportunities
for investment and cooperation
in future oil, gas, trading and petrochemicals ventures.
Signed by
BP chief executive officer Bob Dudley and
KPC chief executive officer Nizar Mohammad Al-Adsani,
the agreement paves the way for both companies
to jointly invest and cooperate
in oil and gas projects in Kuwait and globally.
BOB DUDLEY
BP CHIEF EXECUTIVE OFFICER
“BP’s commitment to Kuwait dates back
to our participation in the discovery of
the giant Burgan oil field in the 1930s
and we are there today extending the life of the field,”
“We look forward to working with KPC
to help the people of Kuwait realize
the full potential of their nation’s oil and gas resources
and exploring new opportunities globally.”
In addition to enhancing oil and gas recovery
from Kuwait’s existing resource base,
the agreement also includes
* the intention to study opportunities
for joint investment in future oil and gas exploration
both inside Kuwait and globally.
* Other elements of the agreement
cover possible future oil and gas trading deals
including LNG trading and related ventures.
* Opportunities for cooperation and investment
in midstream and petrochemical projects globally
will also be considered under the agreement,
including potentially deploying
BP’s proprietary paraxylene technology
as part of KPC’s petrochemicals projects
Contact BP
BP Press Office,
London +44 (0)207 496 4076,
bppress@bp.com
WWW.CHEMWINFO.COM BY KHUN PHICHAI
