Kuwait To Stop Hiring Expats In Oil Sector
The Minister of Oil, addressing a parliamentary committee session, said the non-Kuwaitis would not be hired in the Kuwait Petroleum Corporation and its subsidiary for the year 2020-2021 and their numbers as to special contracts would be trimmed.
Minister of Oil and the State Minister for Electricity and Water Dr Khaled Al-Fadhel, warned that he would not be inactive toward layoff of Kuwaiti citizens serving in the national petroleum companies.
Price of the Kuwaiti oil has dropped during the global coronavirus crisis due to market glut and demand drop however the markets have recovered and the prices of the crude have turned up, he said.
The price of Kuwaiti oil fell by 2.19 to USD 35.33 per barrel (pb) on Tuesday, compared with USD 37.52 a day earlier, the Kuwait Petroleum Corporation (KPC) said on Wednesday. Globally, the price of Brent crude on Tuesday closed up by 38 cents or 0.9 percent to USD 41.18 pb, and the West Texas Intermediate went up by USD 75 cents or two percent to USD 38.94 pb.
Oil sector must not remain the sole source for income, he stressed, emphasizing necessity of involving the private sector in boosting the national economy, in addition to enacting legislation to protect it.
On Wednesday, Kuwait announced 683 new coronavirus cases in the past 24 hours, bringing the total number of COVID-19 infections in the country to 33,283, according to a statement from the Ministry of Health. The Health Ministry also reported 2 more deaths from COVID-19, taking to 275 the total such fatalities in Kuwait. Those currently receiving treatment at hospitals reached 10,260 patients.
Kuwait Lawmakers submitted two separate draft laws calling to exempt businesses affected by the coronations from paying rent throughout the crisis. The two bills could eventually be merged into one as they await the approval of the legal and legislative committee and the Assembly next week.
Kuwait Ministry of Interior stated that the residents of the isolated areas are allowed to leave their homes, within the curfew area only but are not allowed to go out of their area even with curfew permit. The partial curfew in Kuwait will be from 6:00 pm to 6:00 am.