KNPC set to receive KD 28m dues

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KUWAIT CITY, Oct 27: According to reliable sources, the amount of the delayed financial dues to the Kuwait National Petroleum Corporation (KNPC) by the Ministry of Oil in return for the ministry’s use of the oil complex tower 14 years ago was about KD 28.44 million as of the end of March, reports Al-Rai daily. They revealed that KNPC did not collect its dues from the Ministry of Electricity and Water, even though the claim period exceeded 360 days and is related to the previous years, amounting to KD 2.763 million as of March 31, 2021, in addition to an amount of KD 6.005 million for claims dating more than 30 days and are related to collecting fuel sales revenues from the Ministry of Electricity and Water in the 2020/2021 fiscal year. The sources explained that there are amounts of about KD 49.148 million in debts dating more than 361 days that have not been collected from some customers for the sale of petroleum products as of the end of March.

There are 150 claims worth $ 11.283 million on some clients of the maritime administration that were agreed upon but not yet collected by the end of the last fiscal year. Of them, 97 claims were more than 12 months old, and worth $ 6.103 million, or 54.1 percent of the total value of the agreed claims. There are 329 claims that have not been agreed upon, and with a total value estimated at $ 39.143 million

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