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No ruffling with oil workers' privileges - Minister
June 22, 2016, 8:30 am
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Deputy Prime Minister and Minister of Finance and Acting Oil Minister Anas Al-Saleh assured workers in the oil sector that none of their privileges would be jeopardized in any way.

Speaking at a National Assembly session addressing the feasibility of approving the budgets of a number of government ministries and agencies, Al-Saleh said the workers should not worry about some economizing and belt-tightening measures taken by the Kuwait Petroleum Corporation since these measures have been effectuated in view of lagging earnings.

He said negotiations are ongoing with oil sector unions regarding these measures, and praised the unions' leaders for suspending their recent call to oil workers and employees for boycotting work and for returning to work.

On a question by a lawmaker regarding training budgets for oil workers and whether they are adhered to or not at this time, the minister said the training budgets were suspended as part of the government's belt-tightening measures but were re-instated subsequently with a number of apt provisos.

In response to a question by another lawmaker on setting up a bureau to monitor the activities of The Kuwait Investment Authority (which is Kuwait's sovereign wealth fund, managing body, specializing in local and foreign investment), the minister said the Authority is undergoing procedures, including taking into full account any observations by the State Audit Bureau, to ensure proper handling of its investments. 

Source: KUNA

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