Can Kuwait oil industry move forward? – ZAWYA

Can Kuwait oil industry move forward? – ZAWYA

The Kuwait oil industry is limited and shackled with all sorts of interferences that could limit its daily works and strangle its decisions. the top management may just decide to quit with no apparent support after being left alone to face the mps on an almost monthly basis. the parliamentary committee task force investigated the violations in the oil sector and finalized its report after holding 22 meetings. it resulted in 90 recommendations which will definitely take years to implement. it may cause the referral of some cases to the public prosecution along with more than nine executive leaders of the oil sector. some of these cases are related to recruitment of relatives' sons and brothers without advertising or making public announcements, allowing about 80 percent of the evaluation to be based on personal interview. this is a mere indication about hiring one particular person.the other major subject of loss is the vietnam refinery - a project in which kpc owns 35 percent but has incurred major losses. also, our overseas upstream investments company by kufpec accordingly ruled out the recommendation to not invest in the two oil fields in north sea - alma and galia (the names of the