Archive
China Approves Kuwaiti Refinery
BEIJING—China has given final approval to Kuwait to build an oil refinery in the south of the country in a joint venture with China Petroleum & Chemical Corp., a person with firsthand knowledge of the decision said Tuesday.
China, dependent on oil imports, has been making deals with major producers to process more crude domestically.
The $9 billion project between Kuwait Petroleum Corp. and Asia’s largest refiner by capacity, also known as Sinopec, has been under negotiation for more than five years. It includes a refinery with a capacity of 300,000 barrels a day in the city of Zhanjiang in Guangdong province and an ethylene plant with a capacity of a million tons a year, along with related utilities, jetties and oil pipelines, according to previous comments from government and company officials involved in the Read more…
Kuwait is the Spear Pointing at the Heart of Saudi Arabia
Despite the reassurances and promises of change and trinkets for the masses, the front page news continues to reflect that Bahrain is the most dangerous situation for the Kingdom of Saudi Arabia. The reasoning is that the Shi’a will spread their unrest into the Eastern Provinces along the rich oil producing regions of the nation and interrupt the flow of oil operations and embolden the Iranian regime to create mischief against their historic foe. In my opinion, this is a reach as the spear pointing towards the heart of the Kingdom is in Kuwait, a nation which has escaped the mainstream media’s attention up until this point in time.
The reason Bahrain is so key can best be summed up by the United States military interests in the region based there. Unfortunately for the media, the true story is the same one people realized in 1990 when Iraq invaded Kuwait. Kuwait is the key to destroying the stranglehold the Saudi royal family has held on the Persian Gulf and the revolutionary movements of the region have understood this for twenty years now. When the Iraqi regime was crushed by the U.S. this decade the focus shifted from expelling the various monarchies in the Gulf region to using terror to expel the American “occupiers” as our nation was so labeled. When the strategy of state sponsored and funded terrorism failed, the revolutionaries and Read more…

![[Most Recent Quotes from www.kitco.com]](https://i0.wp.com/www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)

You must be logged in to post a comment.