ENERGY

Kuwait Amir appoints Essam al-Marzouq as new oil minister

Many Kuwaitis enjoy many perks that include free healthcare, education, subsidized basic products, free housing or land plots and interest-free loans for many. (Reuters)

Kuwait’s Amir appointed Essam Abdulmohsen Al-Marzouq as the country’s new oil minister on Saturday, state news agency KUNA reported.

Marzouq has previously served as head of the country’s stock exchange and as a board member of state-run Kuwait Petroleum Corp (KPC).

Anas al-Saleh, the former acting oil minister, retained his other role as Finance Minister.  

Austerity measures 

Opposition candidates won around half of the parliament’s 50 seats last month in a poll seen by Kuwaitis as a referendum on austerity measures brought on by low global oil prices.

Many Kuwaitis enjoy many perks that include free healthcare, education, subsidized basic products, free housing or land plots and interest-free loans for many.
 

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Last Update: Saturday, 10 December 2016 KSA 18:24 - GMT 15:24
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Kuwait Amir appoints Essam al-Marzouq as new oil minister
He has previously served as head of the country’s stock exchange and as a board member of state-run Kuwait Petroleum Corp
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