Oil major BP PLC said Wednesday it has signed a framework agreement with Kuwait Petroleum Corporation to explore possible joint opportunities to investment and cooperate in future oil, gas, trading and petrochemicals ventures globally.
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, BP said.
By Ian Walker
Source: MarketWatch
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