Turkey asks Kuwait to help build refinery
Turkey has asked Kuwait to participate in building a new oil refinery in Turkey, the Kuwaiti news agency KUNA on Wednesday quoted the Gulf Arab state's acting oil minister Mohammad al-Olaim as saying.
KUNA gave no more details about the project, adding that Turkey also wanted OPEC member Kuwait to invest in crude storage facilities. Kuwait is the world's seventh-largest oil exporter. Olaim, who is on a visit to Turkey, said Kuwait would make a decision about these projects after having carried out a feasibility study, KUNA said.
Olaim told Kuwaiti daily al-Qabas the Gulf Arab state was considering using the Turkish port of Ceyhan to store Kuwaiti crude as a gateway to Europe.
Kuwait gave the nod last week to take a stake in building a new $6 billion refinery in Vietnam and is also in talks to take a role in new plants in China and India.