Kuwait Signs Biggest Oil Deal with China
Total Page：16
File Type：pdf, Size：1020Kb
SUBSCRIPTION SATURDAY, AUGUST 23, 2014 SHAWWAL 27, 1435 AH No: 16263 Kuwait telecom 18 Israel Lyon humbled law violates ‘collaborators’ at home by free speech:4 HRW executed8 in Gaza Astra48 in first leg Kuwait signs biggest Max 47º 150 Fils oil deal with China Contract to utilize services of KOTC tankers Min 33º Kuwaiti ‘Qaeda commando’ hit by US sanctions WASHINGTON: The United States imposed sanctions yester- day on two Islamist extremists it accuses of ties to Al-Qaeda and the Al-Nusra Front, alleging they financed and acted on behalf of the terror groups. Under a designation issued by the US Treasury, any assets the men - Saudi and Kuwaiti nationals - hold under US jurisdiction are frozen and Americans are “gen- erally prohibited from doing business with them”. Abdul Mohsen Abdallah Ibrahim Al-Sharekh, allegedly the head of Al- Qaeda operations in Syria, and Hamid Hamad Hamid Al-Ali were also both placed on a sanctions list by the United Nations Security Council on August 15. The Treasury’s move came in support of the UN action. “We are determined to stem the flow of funds to terrorists in Syria and Iraq who continue to commit violent acts and threaten US and allied interests in the region,” David Cohen, undersecretary for terrorism and financial intelligence, said in a statement. Ali, a Kuwaiti citizen, is accused of raising tens of thousands of dol- lars to help the Al-Nusra Front buy weapons and supplies and also directed donors in Kuwait to support the group. The Treasury, saying he has called himself an “Al-Qaeda comman- do”, also alleges Ali raised money for Al-Qaeda and arranged travel for a number of foreign fighters to Syria. — AFP HONG KONG: Kuwait Petroleum Corporation and Sinopec officials are seen at the signing ceremony of a major crude Shiite gunmen supply contract yesterday. — KUNA HONG KONG: State-run Kuwait Director Nasser Al-Mudhaf, who led ond-largest importer of crude oil and Petroleum Corporation (KPC) and the Kuwaiti side, said the successful petroleum products with fastest kill 70 at Iraq China’s Unipec signed a landmark conclusion of the agreement is impor- growth in oil demand, Mudhaf said deal yesterday that will almost double tant not only for KPC, but also for HH such a market is considered to be one Sunni mosque crude oil deliveries over a decade, the the Prime Minister of Kuwait Sheikh of the most strategic and promising biggest-ever contract in KPC’s history. Jaber Al-Mubarak Al-Hamad Al-Sabah, energy markets. “Therefore, KPC has BAQOUBA, Iraq: Shiite militiamen gunned down 70 people in an Under the agreement, KPC will pro- Oil Minister Ali Al-Omair and KPC placed China on its priority list, and apparent revenge attack at an Iraqi Sunni mosque yesterday, dealing vide UNIPEC crude oil starting from Chief Executive Officer Nizar Al- this is agreement is one of the most a blow to government efforts to regain territory seized by jihadist-led 2014, with the volume excepted to Adsani. important crude contracts for KPC. militants. The shooting in the Hamreen area of Diyala province will reach 300,000 barrels per day (bpd). “We are very proud to sign this 10- With this landmark contract, I think we increase already significant anger among Iraq’s Sunni Arab minority KPC reached the historic 10 year deal year contract, which marks an excel- will be the third-largest crude oil sup- with the Shiite-led government, undermining an anti-militant drive with Unipec, the trading arm of lent achievement as a package,” said plier to China.” that ultimately requires Sunni cooperation to succeed. China’s top refiner Sinopec, to replace Mudhaf. “The deal comes at a right The world’s seventh-largest oil It came as government forces battled to regain ground in Diyala, the 160,000-170,000 bpd supply con- time, because this is the first contract exporter supplied about 160,000 bpd and Washington warned of the dangers of the Islamic State (IS) tract that had lapsed. on C&F basis with the use of our own of crude to China in the first half of jihadist group, which spearheaded an offensive that overran swathes According to KPC, it is a strategic vessels to deliver crude oil. It will help this year, a ninefold increase from of Iraq in June, and this week released a video of American journalist James Foley being beheaded. contract based on cost-and-freight smoothe operation, production and 18,000 bpd in 2004, according to data Army and police officers said the attack on the Musab bin Omair (C&F) basis, which will involve utilizing exports from Kuwait,” the official said. from the Chinese government. Mosque came after Shiite militiamen were killed in clashes in the area, of Kuwait Oil Tanker Co fleet. Mudhaf cited changes in Europe and Established in 1993, Unipec is a whol- while other sources said it followed a roadside bomb near one of their Yesterday’s deal is in the same direc- the US where KPC used to deliver ly-owned subsidiary of Sinopec and is patrols. Doctors and the officers put the toll from the attack, in which tion of a memorandum of under- crude oil on C&F basis, and those mar- China’s largest international trade worshippers were sprayed with machinegun fire, at 70 dead and 20 standing (MoU) signed by KPC and kets are almost closed currently. company. Unipec trades on the inter- wounded. The government turned to militiamen to bolster its flag- Unipec in Nov 2011. In a statement to “China is our new outlet where we will national market in crude oil, refined ging forces during the IS offensive, sparking a resurgence of groups Kuwait News Agency (KUNA) after the use more than 50 percent of our fleet products, natural gas and chemical involved in brutal sectarian killings in past years that will be difficult to signing ceremony in Hong Kong, KPC for deliveries of crude oil,” he noted. feedstock and handles Sinopec’s dislodge. — Agencies International Marketing Managing Stressing that China is world’s sec- logistics business. — KUNA LOCAL SATURDAY, AUGUST 23, 2014 WHO: Kuwaiti aid helps save lives in Syria Critical meds provided to millions inside, outside troubled state GENEVA: A USD 45 million donation to the being stretched to the limit by the scope of depleted, straining the coping capacities of Dr Abdulmohsen Al-Mudej Abdullah Al-Turaiji World Health Organization (WHO) from this humanitarian emergency,” said Dr local authorities and populations to the Kuwait has saved the lives and addressed Richard Brennan, Director of WHO’s limit. Nisf slams attacks on the health needs of millions of people Department of Emergency Risk Kuwait’s support has helped WHO affected by the conflict in Syria, a new Management and Humanitarian Response. assist the governments of these countries commerce minister WHO report says. to establish Early Warning and Response Turaiji demands Mudej ouster The much needed funds have been Urgent support Networks (EWARS) in areas affected by the used to provide essential health care in The health situation in Syria has been influx, to deliver basic health services, By B Izzakl both government- and opposition-con- deteriorating rapidly since the crisis began. improve access to essential medicines and trolled areas within Syria, as well as in Three-quarters of the country’s hospitals supplies, and train staff on mental health KUWAIT: MP Rakan Al-Nisf slammed the attacks on Deputy neighboring countries struggling to cope have been damaged and more than half care. PM and Minister of Commerce and Industry Abdulmohsen with 2.9 million Syrians who have taken have ceased functioning altogether. Public Al-Mudej, labeling them as parliamentary deviation to refuge in Egypt, Iraq, Jordan, Lebanon and Amir honoring celebration focus on personal criticism. ‘It has nothing to do with pub- Turkey. Separately, Minister of Information and lic interests,’ he underlined. Nisf also noted that misleading In a final report to the Government of Minister of State for Youth Affairs Sheikh public opinion and lawmakers with erroneous statements Kuwait on the use of its donation, WHO Salman Sabah Al-Salem Al-Humoud Al- and data is totally rejected and unacceptable. ‘Mudej is a says it has served to provide several million Sabah discussed with Hawalli Governor patriotic figure whose long political career and patriotic people with critical medicines to treat life- Sheikh Ahmad Nawaf Al-Ahmad Al-Jaber attitudes have always shown his commitment to the con- threatening chronic conditions, such as Al-Sabah and Al-Assima (capital) Governor stitution as an MP and as a minister,’ he underlined, point- renal failure, epilepsy, asthma and dia- Thabet Al-Muhanna the preparations for ing out that by this severe criticism, Mudej was paying the betes, and over five million of the sick or the ceremonies of the UN honoring of His price for his strong attitudes towards fighting corruption in injured with medicines, anesthetics and Highness the Amir as “a humanitarian his ministry and its departments. surgical supplies. leader.” Meanwhile, MP Abdullah Al-Turaiji urged the PM to Sheikh Salman, also the Chairman of relieve Mudej because he was ‘contradicting and incapable Enormous difference the Permanent Committee of National to shoulder his post’s responsibilities’. Turaiji also accused For Syria alone, the Kuwaiti fund Ceremonies, discussed with the Governors Mudej of being unfit for a ministerial post - be that of the enabled more than two million of the most coordination for celebrating this occasion, ministry of commerce and industry or as acting minister of vulnerable people in 13 governorates health programs have broken down, local due in September, “which is dear to the education.