Oman Oil Company (OOC) signed a joint venture agreement with Kuwait Petroleum International Ltd (KPI) this week for developing the Duqm Refinery and Petrochemical Complex which is expected to have a capacity of 230,000 b/d by 2019 after completion.

Kuwait Petroleum International (KPI) and PetroVietnam have signed a cooperation agreement that aims at re-focusing their refining and petrochemicals strategies.