Dispute With China Is Over: Kuwait

(MENAFN- Arab Times) The Kuwaiti oil minister said on Wednesday that a dispute over a refinery project with China revolves around differences over how to sell oil products and pricing. "The difference with the Chinese side in the refinery project is how to sell the oil products when they are produced," Kuwait's oil minister, Ali al- Omair, told parliament. "The difference is, will the prices at which these products are to be sold be subsidised under Chinese laws or not," he added. The minister appeared to be referring to stalled talks with China's Sinopec regarding a joint venture refinery in Zhanjiang, Guangdong province.