Meanwhile, its rival LG Chem Ltd. is in talks with Kuwait Petroleum Corp. to sell a stake in a domestic naphtha cracking facility, according to sources with knowledge of the situations on Wednesday.
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LG Chem, one of Korea''s leading chemical entities, is reportedly in talks with Kuwait Petroleum Corp. to divest a portion of its stake in its Yeosu-based naphtha cracking centre.
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In addition, its domestic rival LG Chem is said to be in talks with Kuwait Petroleum Corp. to sell a stake in its naphtha cracking center in Yeosu, South Jeolla Province.
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LG Chem is reportedly negotiating with Kuwait Petroleum Corp. to split off its second naphtha cracking center in Yeosu, South Jeolla Province, and sell part of its stake in the facility to...
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Considering a career at LG Chem in Kuwait City? Our comprehensive salary guide provides accurate compensation data across various roles, experience levels, and departments to help you negotiate
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Kuwait Petroleum Corporation (KPC) and others have shown interest in LG Chem''s petrochemical division, according to reports.
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The agreement was signed by Mr. Bian Fengming, General Manager of Sinopec''s Science and Technology Department, and Mr. Lee Jong-Kyu, CTO of LG Chem, on behalf of both parties.
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Kuwait''s PIC (Petrochemical Industries Company), originally in talks with LG Chem, chose instead to pursue a strategic alliance with China''s Wanhua Chemical.
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