Latest News
- No Transactions Without Biometrics
- Passenger Caught With Pure Cocaine From Europe
- The Elderly Man Was Not Insulted By Me
- 97% Of MEW Workforce Are Kuwaitis; Strength 34,417
- Rushing Home For 'iftar' Causes Accidents And Deaths
- Expect Hot Days, Cool Nights, And Thunderstorms In Kuwait
- Health Procedures For Expatriates Updated
- Kuwait's Agility Global Seeks Inclusion On Abu Dhabi's ADX
- Public Authority For Industry Completes Industry Law Amendment P...
- Indian Ambassador Hosts Ramadan Celebration In Kuwait
- Al-Mashaan Grants Authority For Transfers Of Municipal Departmen...
- For The Expansion Of The Subiya Site, 204.178 Million Dinars And...
Extension Sought In Tenure Of Six Oil Sector Executives
Six oil executives have been included in the anticipated retirement list to be enforced before the end of the year, although there are calls to extend the tenure for some of them – at least for a few months – until the completion of the restructuring study in order not to put pressure on the sector’s departments by their exit, reports Al- Rai daily.
The daily quoting sources indicated officials in the soon-to-be referred to retirement list have experiences in the implementation of several strategic projects that will achieve a great leap in the Kuwaiti oil industry, indicating the extension of their tenure will be in line with the targeted strategic goals.
The sources emphasized that Kuwait Petroleum Corporation seeks to stabilize oil sector and to make changes smoothly- in accordance with the strategic vision 2040, in line with the restructuring plan of oil sector, in a manner that would not disrupt the pillars of the sector or create problems in appointments – contrary to the essence of restructuring.
Sources also said delaying the retirement of some of the officials for months is less harmful than their departure and loss of their experience. They also stated that the sector is moving at a stable and steady pace in the way of achieving the Kuwait Oil Strategy 2040 as confirmed by Kuwait Petroleum Corporation’s Board of Directors in all its decisions to maintain stability of the sector at this crucial stage. They reiterated that the world is witness to major changes in consumption patterns and diversification of the sources of income, which the Petroleum Corporation’s Board of Directors takes into account by moving quietly toward the completion of projects, especially those with returns that add value to the state’s general budget.
Â
Source: Arabtimes kuwait
Trending News
-
MoI Urges Biometric Fingerprinting Compliance Ahea...
21 March 2024
-
5 Days Holiday For Eid Al-Fitr Begins On April 9th
25 March 2024
-
Over 120,000 Expat Offenders Will Benefit From Kuw...
14 March 2024
-
Kuwait Offering Amnesty To Illegal Expats
17 March 2024
-
From April 1 To July 1, Kuwait Grants Amnesty To V...
14 March 2024
-
Kuwaiti Banks Elevate Non-Resident Credit To 4.17...
18 March 2024
-
Central Bank Of Kuwait Provides Banks With New Ba...
20 March 2024
-
Kuwait's Clean Energy Journey: Progress And Challe...
23 March 2024
-
Banks In Kuwait Report Robust Profits Despite The...
21 March 2024
-
Driving Licenses With Smart Technology
25 March 2024
Comments Post Comment