‘EX-KPC official responsible for loss of mlns of dinars in oil deals’

‘PM intends to take necessary action’

KUWAIT CITY, March 3: A prominent adviser and former leader of Kuwait Petroleum Corporation (KPC) was responsible for the loss of millions of dinars incurred by the state in oil contracts including the Dow Chemical contract and others with some international companies, reports Al-Seyassah daily quoting sources from the oil sector.

They revealed that the scandals caused by this individual are known within the corporation where he works, adding that his intentions are evident because he owns an oil company with branches in Kuwait and abroad.

They explained that this individual was responsible for a major controversy in parliamentary and political circles because he deliberately provided decision-making centers with inaccurate information regarding the situation of oil sector. He had also provided advice that was not based on scientific economic data, which resulted in loss of deals. He also sought to intervene in the recent oil promotions in order to serve his interests.

The sources confirmed that it was part of his plan to convince decisionmakers regarding the need to preserve the status quo in the oil ministry to ensure the dominance of some Islamic currents in the oil sector.

The sources indicated that they received information about the old partnership and exchange of interests between this advisor and the leaders of oil sector through approval of some tenders.

The sources revealed that HH the Prime Minister Sheikh Jaber Al-Mubarak received special reports on the advisor and had expressed deep concern, adding that he intends to take necessary action after referring with the concerned authorities.