April 5, 2007
Kuwait Petroleum CEO Quits
Hani Abdulaziz Hussain, chief executive of Kuwait Petroleum, the state-owned oil company, will leave his post four months before his term was due to end, the Kuwaiti press reports. Mr Hussain met with Sheik Ali Jarah al-Sabah, the Gulf state’s oil minister, earlier this week to tell him that he wanted to resign, Al-Qabas newspaper reported. The minister accepted the resignation, the paper said, adding that he quit over of "lack of harmony" at the company. Kuwait, an Opec member, produces about 2.4m barrels of oil a day. In the past months there have been disagreements within Kuwait’s oil establishment over the size of the country’s remaining reserves as well as over whether to allow international oil companies to help Kuwait Petroleum stem the declining production of its northern oil fields.
