The Minister of Commerce and Industry and Minister of Social Affairs and Community Development Fahd Al-Shariaan has formed a committee to study the impact of ban decision slapped on the export of manufactured goods by companies using subsidized kerosene.

A local Arabic daily has learned the task of the committee is to coordinate between the oil sector and the Public Authority for Industry to ensure compliance with the Ministerial Resolution No. 35 of 2022; studyi the impact of exporting goods manufactured by using subsidized kerosene and what effect it will have national economy and impact of the decision on the relevant private sector companies.

This is in addition to studying the possibility of modifying the export controls for products manufactured from subsidized kerosene; develop a vision for the best solutions and proposals submitted by the committee members and submitting recommendations related to Ministerial Resolution No. 35 of 2022.

According to the decision, the committee has been formed under the chairmanship of Dr. Muhammad Al-Sager Al-Zayed with Dr. Abdullah Muhammad Al-Awadi, the Deputy Director General of Development and Industrial Licensing at the Public Authority for Industry; Shamlan Hammoud Al-Juhaidli, the Director of the Development and Industrial Support Department at the authority; Dr. Abdullah Saad Al-Hajri, and the Director of the Export Development and Export Guidance Department at the authority Fahd Hammoud Al-Mutairi as members.

This is in addition to the director of the Sales Organization Department at the Petroleum Corporation, Hadeel Al-Rifai, the head of the planning and economic studies team in the corporation, Osama Al-Jazzaf; the head of the marketing and customer service team at the Kuwait National Petroleum Company; Mishaal bin Obaid and the head of the Commerce department Hadeel Abdul-Jalil. Al-Shariaan wants the committee to complete its report in one month.

Read Today's News TODAY... on our Telegram Channel click here to join and receive all the latest updates