On June 3, witnessed by Chinese Premier Li Keqiang and Prime Minister Sabah Al-Ahmed Al-Jaber Al-Sabah of the State of Kuwait, Sinopec and Kuwait Petroleum Corporation (KPC) signed a memorandum of understanding on cooperation at the Great Hall of the People. The Memorandum, which enters into force upon signature by Chairman of Sinopec Group Fu Chengyu and CEO of KPC Nizar Al-Adsani, is aimed at stepping up mutual cooperation in the fields of crude oil trade and reserves, oil refining project, oil and refining engineering service and among others. (China Petrochemical News)