Home / Knowledge / News / Textiles / BP & KPC to explore more joint opportunities
BP & KPC to explore more joint opportunities
01
Apr '16
BP and Kuwait Petroleum Corporation (KPC) have inked an agreement to explore possible joint opportunities for investment and cooperation in oil, gas, trading and petrochemicals ventures in the future.

In addition to enhancing oil and gas recovery from Kuwait's existing resource, the agreement also intends to study opportunities for joint investment in oil and gas exploration both inside Kuwait and globally.

As per a BP press release, 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.

This includes potentially deploying BP's proprietary paraxylene technology as part of KPC's petrochemicals projects.

“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,” BP CEO Bob Dudley said.

“We look forward to working with KPC to help the people of Kuwait realise the full potential of their nation's oil and gas resources and exploring new opportunities globally,” Dudley added. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

'Sportswear is much more mainstream than earlier'

Fashion | On 20th Jul 2018

'Sportswear is much more mainstream than earlier'

The business of sportswear has evolved at a fast pace over the years. ...

Courtesy: YKK

Textiles | On 20th Jul 2018

Japanese firm YKK explores opening office in Uzbekistan

Japanese company YKK recently discussed with the Uztuqimachiliksanoat ...

HFPA alerts member firms on latest US tariff announcement

Textiles | On 20th Jul 2018

HFPA alerts member firms on latest US tariff announcement

The US Home Fashion Products Association (HFPA) has alerted its...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Manuele Baggini

Comec Italia Srl is a world leader in the production of printing machines. ...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Manoj Sorathiya

Surat-based Sunrise Imports & Exports Co is a manufacturer and...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search