Co-ops union calls on MoCI to continue monitoring prices
Boards of 3 oil firms promote three deputies
By Fares Al-Abdan
KUWAIT CITY, Feb 13: Chairperson of the Cooperative Societies Union Ali Al-Kandari has called on the Ministry of Commerce and Industry (MoCI) to continue its policy in monitoring prices through regular inspections in order to prevent unjustified price hikes and hoarding.
Speaking to the press, Al-Kandari stressed the need for the ministry to continue monitoring prices of all commodities and look into factors triggering price hikes.
He also confirmed that the union is keen on monitoring prices in a bid to prevent unjustified price increase.
He explained the policy of the union stipulates monitoring the price of every commodity and ensuring that the price does not increase. He pointed out this measure is the safety pin for the people of Kuwait against any unwarranted price increase.
Meanwhile, the boards of directors of three oil companies have adopted decisions on the promotion of three deputies of the chief executive officers (CEOs) in these companies, reports Al-Rai daily quoting high level sources,
Sources disclosed these decisions include the promotion of Director of Fields Development in North Kuwait Badr Ahmad Al-Munaifi, who has more than 25 years work experience, as deputy CEO for South and East Kuwait Directorate at Kuwait Oil Company (KOC).
Sources said incumbent Deputy CEO for South and East Kuwait Directorate Abdullah Al-Sumaiti was appointed as Deputy CEO for Technology and Excavation, while Ahmad Al-Eidan was appointed as Deputy CEO for West Kuwait Directorate.
On the other hand, Quality Insurance Director at Kuwait National Petroleum Company (KNPC) Suleiman Ali Al-Marzouki, who has 30 years work experience, was appointed as Deputy CEO for Olefins and Aromatics Directorate at Petrochemicals Industries Company.
Also, Nadia Badr Al-Haji, who has 26 years work experience, was appointed as Deputy CEO of Kuwait Integrated Petroleum Industries Company (KIPIC).
Furthermore, the Board of Directors of Petrochemical Industries Company (PIC) has endorsed the appointment of Deputy CEO at Kuwait Oil Company (KOC) Nayef Al-Anzi and Deputy CEO at PIC Suleiman Al-Marzouqi as board members of Equate Company, reports Al-Rai daily quoting oil sector sources.
Sources clarified this decision was taken after the appointment of Deputy CEO at KOC Abdullah Al-Sumaiti and board member at Kuwait Integrated Petroleum Industries Company (KIPIC) and CEO of Ahmadi Refinery in Kuwait National Petroleum Company (KNPC) Fahad AlDaihani.