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AFX Europe (Focus): Royal Dutch/Shell, Kuwait Petroleum in global strategic partnership: "This strategic partnership will seek opportunities around the world for leveraging Shell's global downstream experience with Kuwait's hydrocarbon resources and growing downstream investments," said Rob Routs, Shell Executive Director Downstream. (ShellNews.net) 22 March 05

 

AMSTERDAM (AFX) - The Royal Dutch/Shell Group said it signed a memorandum of understanding with Kuwait Petroleum International Ltd (KPI) "to explore opportunities worldwide to develop and implement joint downstream investments."

 

Shell and KPI will explore opportunities across the entire downstream value chain, from supply and refining, to distribution and marketing of petroleum products.

 

They will focus on opportunities in geographic areas showing "strong fundamentals in the downstream," including high growth in demand for petroleum products, Shell said.

 

"This strategic partnership will seek opportunities around the world for leveraging Shell's global downstream experience with Kuwait's hydrocarbon resources and growing downstream investments," said Rob Routs, Shell Executive Director Downstream.

 

No financial details were disclosed.

 

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