Page 13 - MEOG Week 23 2022
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MEOG                                        NEWS IN BRIEF                                             MEOG

























       estimated net profit is KD 823 million.  Otaibi described the decision of Health   GAS
         During the discussion, they agreed that   Minister Dr Khalid Al-Saeed to relocate the
       the estimated budget is no longer feasible   Infectious Diseases Hospital from Sabah   Zamlat al-Mahr well
       due to the conservative view on oil prices,   Health District to Jahra Hospital as a medical
       exaggerated projection of expenditures,   and administrative blunder. He argued the   connected to Syrian grid
       and failure of KNPC to implement    Infectious Diseases Hospital should remain
       its development strategies. Therefore,   in Sabah Health District, because it is   The Zamlat al-Mahr well 1 has been inserted
       Abdulsamad stressed the need to adjust   accessible to all citizens from different parts   into the network with a capacity of 250,000
       the estimated budget to be more realistic;   of the country. He said Jahra is very far for   cubic metres per day, and excavation work is
       pointing out the Ministry of Finance intends   those residing in the South and interior areas   underway in the Zamlat al-Mahr field.
       to increase the estimated price of oil from   including Kuwait City. He warned that the   Syria’s Minister of Oil and Mineral
       $65 to $80 per barrel for fiscal 2022/2023. He   relocation could pose a threat to the patients   Resources, Bassam Tohme, put the Zamlat
       believes this will narrow the gap between the   at Jahra Hospital, especially those who have   al-Mahr well 1 located 40 km west of Palmyra
       estimated and actual budgets of KNPC. He   been confined at the hospital for a long time   in production initially to the network via a
       attributed the wide gap between expenditures   as most of them are suffering from chronic   2.7 km side link to the Shaer line and the Ebla
       and revenues to the delayed completion of   diseases; hence, their immune system is   plant, pending the completion of work on the
       some projects and launching of other projects   very weak, making them more vulnerable   main line linking the Zamlat al-Mahr field
       like the environmental fuel and Zour Refinery.  to infection. He urged the minister to cancel   with the Sharifa field and a gas plant south of
         He went on to reveal that the actual works   the decision, taking into consideration the   the region.
       of KNPC decreased by 94 percent in the last   opinions of specialists in the interest of   The line is 30 km long, in order to
       10 years, recording KD95 million in fiscal   patients. He called for establishing hospitals   introduce the new gas to the network at the
       2020/2021; while the operational profit in the   exclusive for patients suffering from infectious   maximum speed. The field is estimated to
       same period declined by 31 percent, recording   diseases in every governorate. In another   hold 9bn cubic metres of gas.
       a loss of KD228 million. He added that KNPC   development,                 The Minister toured the drilling sites in the
       attributed this decline to the collapse of oil   MP Mehalhal Al-Mudaf forwarded   Zamlat Al-Mahr well 2 where the Urlmach_3
       prices during the Covid-19 crisis. He then   queries to Minister of Education and Higher   electric drill is working, and the depth reached
       argued that the revenues of KNPC started   Education Dr Ali Fahd Al-Mudaf about   about 2,000mn, as it is expected to reach the
       decreasing even before the Covid-19 crisis,   the ranking of Kuwait compared to other   productive layer within a short period.
       asserting this is the result of a remarkable   Gulf countries in terms of the quality of   He also inspected the drilling site in
       increase in operational expenditures –   education. He requested for information on   Zamlat al-Mahr 3 in which the National 2 rig
       60 percent in the last 10 years. He said they   the classification of Kuwait in global education  works. The drilling depth reached 170 m. The
       recommended the formation of a committee   indexes, budget for education in the last fiscal   production of this new field is expected to
       that will be tasked to rationalize expenditures   year, and cost of services provided to Kuwaiti   exceed 500,000 cubic metres until the end of
       in order to guarantee the stability of KNPC.  students in public schools. MP Homoud   this year, while work is underway to complete
         On the earthquake that hit the country   Mebrek Al-Azmi asked the minister about the   the exploration of this field.
       recently, Abdulsamad said the committee   decision to suspend the scholarship program   The Zamlat al-Muhr field was discovered
       asked KNPC to prove that its oil production   for Dentistry students in Arab countries and   at the end of 2021 as the first gas field since
       activities have nothing to do with the   if the Ministry of Health was consulted before   before the war.
       earthquake. He quoted the representatives   taking such decision. He demanded for copies   MOPMR
       of KNPC as saying that the drilling works   of correspondences between the ministries of
       do not exceed a depth of two km and such   Higher Education and Health in this regard.
       depth does not cause earthquakes. The   Moreover, National Assembly Speaker   SERVICES
       KNPC representatives also affirmed that   Marzouq Al-Ghanim had a meeting with
       they are not using hydraulic drills, pointing   Regional Director of the World Bank in the   ADNOC and Hub71 partner on
       out this method is used in the United States   Gulf Essam Abu Sulaiman recently. MP Obaid
       of America for fossil fuel production. They   Al-Wasmi and Director of the World Bank   AI solutions for energy
       added there are no records showing a   Office in Kuwait Ghassan Al- Khouja attended
       relationship between hydraulic drilling and   the meeting, during which they discussed   Abu Dhabi’s startup hub Hub71 will partner
       earthquakes.                        various issues.                      with AIQ – ADNOC’s joint venture with
         On the other hand, MP Khalid Al-  ARAB TIMES                           Group 42 (G42) – to develop AI solutions



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