For Free Headlines Submit Your Email
Wednesday, October 04, 2023 20:6 GMT
OPEC producer Kuwait has formed a committee to resolve persistent delays in the payment of contractors awarded oil projects in a bid to speed up project execution, a Kuwaiti newspaper reported on Wednesday. The state-owned Kuwait Petroleum Corporation (KPC), which manages the GCC country’s hydrocarbon industry, is spearheading plans to tackle the problem following complaints by contractors they are not getting paid on time, the paper said. It quoted KPC sources as saying the committee...More