KPC unveils blueprint to boost investments in India

Dubai, Dec 13 (UNI) The Kuwait Petroleum Corporation (KPC) has prepared a blueprint for boosting investments in India and other Asian countries by setting up joint ventures in refining and petrochemical sectors.

The KPC Chief Executive Officer Saad Al Saad Al Shuwaib who recently visited various Asian countries to Asia had meetings with government officials to discuss investment opportunities in China, Vietnam, and India.

In India, Al-Shuwaib met with Mukesh Ambani, the Chairman and Managing Director of Reliance Industries Limited the largest private sector company in the country, to discuss entering into an integrated refinery and petrochemical project, the Arab Times reported.

A similar discussion on potential investment was held with Sarthak Behuria, Chairman of Indian Oil Corporation Limited. KPC also met high ranking Indian government officials, who offered their support to the Corporation's endeavours in the Indian oil industry.

Incidentally, Mr Ambani was in Dubai this week to meet the UAE Prime Minister and Dubai ruler Sheikh Mohammed to discuss setting up of oil refineries.

UNI