MP warns over KPC reshuffles
KUWAIT: MP Omar Al-Tabtabaei warned he will not turn a blind eye to leaks from Kuwait Petroleum Corporation (KPC) to the press about the likelihood of the largest reshuffle and promotion process in the oil sector before the end of the current board of directors’ tenure in September. “This poses a clear violation of the incoming CEO’s right to select his executives and staff members with the help of the new board of directors according to his own vision on how to execute various projects and diversify profitable investment opportunities, instead losing billions because of the bad investments made by the current CEO,” Tabtabaei explained, noting that allowing such reckless practices by the Prime Minister, who is the head of the Supreme Petroleum Council, would lead to wide gaps between both authorities as well as fierce conflicts amongst oil sector officials.
Tabtabaei stressed referring some senior officials to retirement and giving them
their indemnities, along with ‘unconstitutional multimillion-dinar packages’ to some of them instead of holding them accountable for the funds they had wasted, is an attempt to evade the investigation committee formed by the Cabinet.
Water desalination plants
As part of its efforts to increase water production and strategic reserves, the Minsitry of Electricity and Water (MEW) plans to build more water desalination plants, with eight projects to be executed until 2030, including five to be executed by the ministry and three by the Kuwait Authority for Partnership Projects. According to the plan, these projects target increasing water production by 742 million imperial gallons daily.
Housing projects
The Public Authority for Housing Welfare (PAHW) set four projects to be executed as part of its long-term future plan, said informed sources, noting that two of the projects will include 400 sq m units, the third will include 600 sq m units while the fourth will include 200 sq m units with a total of 149,330 units. According to the plan, PAHW plans to build a residential project 80 km south of Kuwait City and three more in the northern region.