{"id":84104,"date":"2021-11-03T16:55:49","date_gmt":"2021-11-03T13:55:49","guid":{"rendered":"http:\/\/192.163.207.100\/~timesku1\/news\/?p=84104"},"modified":"2021-11-03T16:55:49","modified_gmt":"2021-11-03T13:55:49","slug":"kpc-slashes-budgets-due-to-several-reasons","status":"publish","type":"post","link":"https:\/\/timeskuwait.com\/news\/kpc-slashes-budgets-due-to-several-reasons\/","title":{"rendered":"KPC slashes budgets due to several reasons"},"content":{"rendered":"<p>The Kuwait Petroleum Corporation has slashed approximately 876.8 million dinars, or 26.1 percent from the planned 3.356 billion budgets included in the five-year plans for 2019\/2020 and 2022-2023.<\/p>\n<p>Oil sources told Al-Rai spending cuts on projects is linked to several factors, most notably the postponement and cancellation of parts of the scope of work of implementing some projects with the aim of rationalizing capital expenditures.<\/p>\n<p>The sources added the decline is also due to the suspension of some projects which need to be re-evaluated in light of the outbreak of the Covid-19 pandemic and the closure of international companies which affected the supply of necessary materials and customs clearance, in addition to the late response from suppliers and the delay and difficulty in obtaining the permits to bring in the labor required to implement projects.<\/p>\n<p>The sources pointed out that one of the reasons for the closure of drilling rigs is due to the non availability of manpower and the poor performance of some contractors, as well as the length of the documentary cycle and the requests of the relevant committees to obtain the required approvals, although the KPC and its subsidiaries had spared no efforts to complete strategic projects.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Kuwait Petroleum Corporation has slashed approximately 876.8 million dinars, or 26.1 percent from the planned 3.356 billion budgets included in the five-year plans for 2019\/2020 and 2022-2023. Oil sources told Al-Rai spending cuts on projects is linked to several factors, most notably the postponement and cancellation of parts of the scope of work of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":84105,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,18],"tags":[1828,60,3873],"class_list":["post-84104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-local","tag-kpc","tag-kuwait","tag-kuwait-petroleum"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>KPC slashes budgets due to several reasons - TimesKuwait<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timeskuwait.com\/news\/kpc-slashes-budgets-due-to-several-reasons\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KPC slashes budgets due to several reasons - TimesKuwait\" \/>\n<meta property=\"og:description\" content=\"The Kuwait Petroleum Corporation has slashed approximately 876.8 million dinars, or 26.1 percent from the planned 3.356 billion budgets included in the five-year plans for 2019\/2020 and 2022-2023. Oil sources told Al-Rai spending cuts on projects is linked to several factors, most notably the postponement and cancellation of parts of the scope of work of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/timeskuwait.com\/news\/kpc-slashes-budgets-due-to-several-reasons\/\" \/>\n<meta property=\"og:site_name\" content=\"TimesKuwait\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/timeskuwait\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-03T13:55:49+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/timeskuwait.com\/news\/wp-content\/uploads\/2021\/11\/KPC.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"532\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"TimesAdmin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@thetimesq8\" \/>\n<meta name=\"twitter:site\" content=\"@thetimesq8\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"TimesAdmin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/kpc-slashes-budgets-due-to-several-reasons\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/kpc-slashes-budgets-due-to-several-reasons\\\/\"},\"author\":{\"name\":\"TimesAdmin\",\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/#\\\/schema\\\/person\\\/1f7ebf5aeb4e2934be640ecead337f70\"},\"headline\":\"KPC slashes budgets due to several reasons\",\"datePublished\":\"2021-11-03T13:55:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/kpc-slashes-budgets-due-to-several-reasons\\\/\"},\"wordCount\":203,\"publisher\":{\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/kpc-slashes-budgets-due-to-several-reasons\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/wp-content\\\/uploads\\\/2021\\\/11\\\/KPC.jpg\",\"keywords\":[\"KPC\",\"Kuwait\",\"Kuwait Petroleum\"],\"articleSection\":[\"Featured\",\"Local\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/kpc-slashes-budgets-due-to-several-reasons\\\/\",\"url\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/kpc-slashes-budgets-due-to-several-reasons\\\/\",\"name\":\"KPC slashes budgets due to several reasons - TimesKuwait\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/kpc-slashes-budgets-due-to-several-reasons\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/kpc-slashes-budgets-due-to-several-reasons\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/wp-content\\\/uploads\\\/2021\\\/11\\\/KPC.jpg\",\"datePublished\":\"2021-11-03T13:55:49+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/kpc-slashes-budgets-due-to-several-reasons\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/timeskuwait.com\\\/news\\\/kpc-slashes-budgets-due-to-several-reasons\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/kpc-slashes-budgets-due-to-several-reasons\\\/#primaryimage\",\"url\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/wp-content\\\/uploads\\\/2021\\\/11\\\/KPC.jpg\",\"contentUrl\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/wp-content\\\/uploads\\\/2021\\\/11\\\/KPC.jpg\",\"width\":800,\"height\":532},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/kpc-slashes-budgets-due-to-several-reasons\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"KPC slashes budgets due to several reasons\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/\",\"name\":\"TimesKuwait\",\"description\":\"Kuwait&#039;s Premier News Content Portal\",\"publisher\":{\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/#organization\",\"name\":\"TimesKuwait\",\"url\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"http:\\\/\\\/timeskuwait.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/04\\\/TimesLog.jpg\",\"contentUrl\":\"http:\\\/\\\/timeskuwait.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/04\\\/TimesLog.jpg\",\"width\":300,\"height\":103,\"caption\":\"TimesKuwait\"},\"image\":{\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/timeskuwait\",\"https:\\\/\\\/x.com\\\/thetimesq8\",\"https:\\\/\\\/www.instagram.com\\\/thetimeskuwait\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/#\\\/schema\\\/person\\\/1f7ebf5aeb4e2934be640ecead337f70\",\"name\":\"TimesAdmin\",\"url\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/author\\\/timesadmin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"KPC slashes budgets due to several reasons - TimesKuwait","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/timeskuwait.com\/news\/kpc-slashes-budgets-due-to-several-reasons\/","og_locale":"en_US","og_type":"article","og_title":"KPC slashes budgets due to several reasons - TimesKuwait","og_description":"The Kuwait Petroleum Corporation has slashed approximately 876.8 million dinars, or 26.1 percent from the planned 3.356 billion budgets included in the five-year plans for 2019\/2020 and 2022-2023. Oil sources told Al-Rai spending cuts on projects is linked to several factors, most notably the postponement and cancellation of parts of the scope of work of [&hellip;]","og_url":"https:\/\/timeskuwait.com\/news\/kpc-slashes-budgets-due-to-several-reasons\/","og_site_name":"TimesKuwait","article_publisher":"https:\/\/www.facebook.com\/timeskuwait","article_published_time":"2021-11-03T13:55:49+00:00","og_image":[{"width":800,"height":532,"url":"http:\/\/timeskuwait.com\/news\/wp-content\/uploads\/2021\/11\/KPC.jpg","type":"image\/jpeg"}],"author":"TimesAdmin","twitter_card":"summary_large_image","twitter_creator":"@thetimesq8","twitter_site":"@thetimesq8","twitter_misc":{"Written by":"TimesAdmin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/timeskuwait.com\/news\/kpc-slashes-budgets-due-to-several-reasons\/#article","isPartOf":{"@id":"https:\/\/timeskuwait.com\/news\/kpc-slashes-budgets-due-to-several-reasons\/"},"author":{"name":"TimesAdmin","@id":"https:\/\/timeskuwait.com\/news\/#\/schema\/person\/1f7ebf5aeb4e2934be640ecead337f70"},"headline":"KPC slashes budgets due to several reasons","datePublished":"2021-11-03T13:55:49+00:00","mainEntityOfPage":{"@id":"https:\/\/timeskuwait.com\/news\/kpc-slashes-budgets-due-to-several-reasons\/"},"wordCount":203,"publisher":{"@id":"https:\/\/timeskuwait.com\/news\/#organization"},"image":{"@id":"https:\/\/timeskuwait.com\/news\/kpc-slashes-budgets-due-to-several-reasons\/#primaryimage"},"thumbnailUrl":"https:\/\/timeskuwait.com\/news\/wp-content\/uploads\/2021\/11\/KPC.jpg","keywords":["KPC","Kuwait","Kuwait Petroleum"],"articleSection":["Featured","Local"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/timeskuwait.com\/news\/kpc-slashes-budgets-due-to-several-reasons\/","url":"https:\/\/timeskuwait.com\/news\/kpc-slashes-budgets-due-to-several-reasons\/","name":"KPC slashes budgets due to several reasons - TimesKuwait","isPartOf":{"@id":"https:\/\/timeskuwait.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/timeskuwait.com\/news\/kpc-slashes-budgets-due-to-several-reasons\/#primaryimage"},"image":{"@id":"https:\/\/timeskuwait.com\/news\/kpc-slashes-budgets-due-to-several-reasons\/#primaryimage"},"thumbnailUrl":"https:\/\/timeskuwait.com\/news\/wp-content\/uploads\/2021\/11\/KPC.jpg","datePublished":"2021-11-03T13:55:49+00:00","breadcrumb":{"@id":"https:\/\/timeskuwait.com\/news\/kpc-slashes-budgets-due-to-several-reasons\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/timeskuwait.com\/news\/kpc-slashes-budgets-due-to-several-reasons\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/timeskuwait.com\/news\/kpc-slashes-budgets-due-to-several-reasons\/#primaryimage","url":"https:\/\/timeskuwait.com\/news\/wp-content\/uploads\/2021\/11\/KPC.jpg","contentUrl":"https:\/\/timeskuwait.com\/news\/wp-content\/uploads\/2021\/11\/KPC.jpg","width":800,"height":532},{"@type":"BreadcrumbList","@id":"https:\/\/timeskuwait.com\/news\/kpc-slashes-budgets-due-to-several-reasons\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/timeskuwait.com\/news\/"},{"@type":"ListItem","position":2,"name":"KPC slashes budgets due to several reasons"}]},{"@type":"WebSite","@id":"https:\/\/timeskuwait.com\/news\/#website","url":"https:\/\/timeskuwait.com\/news\/","name":"TimesKuwait","description":"Kuwait&#039;s Premier News Content Portal","publisher":{"@id":"https:\/\/timeskuwait.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/timeskuwait.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/timeskuwait.com\/news\/#organization","name":"TimesKuwait","url":"https:\/\/timeskuwait.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/timeskuwait.com\/news\/#\/schema\/logo\/image\/","url":"http:\/\/timeskuwait.com\/news\/wp-content\/uploads\/2020\/04\/TimesLog.jpg","contentUrl":"http:\/\/timeskuwait.com\/news\/wp-content\/uploads\/2020\/04\/TimesLog.jpg","width":300,"height":103,"caption":"TimesKuwait"},"image":{"@id":"https:\/\/timeskuwait.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/timeskuwait","https:\/\/x.com\/thetimesq8","https:\/\/www.instagram.com\/thetimeskuwait\/"]},{"@type":"Person","@id":"https:\/\/timeskuwait.com\/news\/#\/schema\/person\/1f7ebf5aeb4e2934be640ecead337f70","name":"TimesAdmin","url":"https:\/\/timeskuwait.com\/news\/author\/timesadmin\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/timeskuwait.com\/news\/wp-json\/wp\/v2\/posts\/84104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/timeskuwait.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/timeskuwait.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/timeskuwait.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/timeskuwait.com\/news\/wp-json\/wp\/v2\/comments?post=84104"}],"version-history":[{"count":0,"href":"https:\/\/timeskuwait.com\/news\/wp-json\/wp\/v2\/posts\/84104\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/timeskuwait.com\/news\/wp-json\/wp\/v2\/media\/84105"}],"wp:attachment":[{"href":"https:\/\/timeskuwait.com\/news\/wp-json\/wp\/v2\/media?parent=84104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timeskuwait.com\/news\/wp-json\/wp\/v2\/categories?post=84104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timeskuwait.com\/news\/wp-json\/wp\/v2\/tags?post=84104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}