Kuwaiti MP questions oil deal with China
KUWAIT
CITY, Apr 30, 2012 (AFP) - A Kuwaiti opposition MP on Monday questioned what he
called a "suspicious" deal to supply China's Sinopec with 300,000
barrels per day of oil for 10 years.
The deal involves "several
legal, administrative and technical violations," charged MP Mubarak
al-Waalan.
In a series of questions to Oil
Minister Hani Hussein, the lawmaker claimed the deal, signed in November, was
concluded without obtaining the mandatory prior approvals of the government
legal and accounting authorities.
The deal was not also authorised by
the board of directors of Kuwait Petroleum Corp. (KPC), the emirate's national
oil conglomerate, as required by the law and also involved unjustified financial
facilities, the MP alleged.
Waalan, a member of the opposition
which has a majority in parliament, demanded a copy of the contract and asked
the minister if it involves any loss to Kuwait's public funds.
He also asked Hussein, who was
appointed in February, to explain the financial facilities and guarantees
provided to the state-owned Chinese firm as part of the agreement.
KPC and Sinopec are involved in a
separate $9-billion joint venture to build a refinery and a petrochemicals
complex in China's southern Guangdong province.
France's energy giant Total has
taken 40 percent of KPC's share or 20 percent of the venture.
oh/lyn/srm
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