MP ‘seeks’ to amend Kuwait Petroleum law

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KUWAIT CITY, Dec 28: MP Essa Al-Kandari has submitted a bill on amending Kuwait National Petroleum Corporation Law number 6/1980 in order to obligate the corporation and its subsidiaries to hand over their profits to the State Treasury.

MP Essa Al-Kandari

The bill also changes the structure of the board of directors such that it is chaired by the oil minister; while the members include the Ministry of Oil undersecretary, representative of the Ministry of Finance, assistant secretary general of the Secretariat General for Legal Affairs at the Council of Ministers and four highly qualified individuals with vast experience in oil sector. The term of the board will be four years renewable once.

The board shall appoint the chief executive officer (CEO) of the corporation and the CEO should not be a board member. The CEO, whose term will be three years renewable once, will follow up the execution of the decisions and strategies of the board, as well as draft the budget and final account of the corporation.

The board members, CEO and managing directors are banned from participating in oil sector businesses either in person or through their representatives. Board members are not allowed to vote on issues concerning their relatives up to the third degree. MP Khalil Al-Saleh has proposed increasing the allowance for students at Kuwait University and the Public Authority for Applied Education and Training (PAAET). He suggested raising the allowance every three years taking into consideration the inflation rate.

MP Osama Al-Zaid asked Minister of State for National Assembly, Housing and Urban Development Affairs Ammar Al- Ajmi about the number of idle land that the Public Authority for Housing Welfare (PAHW) owns, method of determining the number of idle land based on the size, and if PAHW is facing problems in the implementation of housing projects due to lack of land. He requested for details if the answer is in the affirmative.

He also asked Deputy Prime Minister and Minister of State for Cabinet Affairs Barrak Al-Sheetan about the regulations for appointing directors in ministries, their subsidiaries and independent institutions; as well as the measures taken against those who violated such regulations, if any.

MP Hamad Al-Obaid forwarded queries to Minister of Foreign Affairs Sheikh Salem Abdullah Al-Jaber Al-Sabah about the rumor that Kuwait Fund for Arab Economic Development (KFAED) intends to reduce its contribution to PAHW, while granting indemnity and incentives to those on special mission without obtaining approval from the monitoring institutions. He requested for a list of the representatives of the fund in credit and investment institutions, copies of the academic certificates of the directors of the Investment and Administrative Affairs departments in the fund, violations recorded by the Financial Controllers Bureau (FCB) in the last five years, and list of official missions including the names of participants, period of every mission and incentive granted during fiscals 2018/2019, 2019/2020, 2020/2021 and 2021/2022.

MP Adel Al-Damkhi asked Minister of Health Ahmed Abdulwahab Al-Adwani about his absence during the ceremony for handing over the Dhaman Hospitals building to Kuwait Investment Authority on Dec 25, strategy in transferring about 1.8 million expatriates to Dhaman, minutes of the meetings of the joint committee of the ministry and Dhaman, and if there is a plan to expedite the licensing of Dhaman hospitals. By Saeed Mahmoud Saleh Arab Times Staff

This news has been read 11476 times!

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