Kuwait: The East Asian economies affected by the pandemic confirms

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Kuwaiti Oil Minister Muhammad Al-Faris said that the increase approved by the “OPEC +” group last month may be reconsidered during the next meeting on the first of September.
The "OPEC +" group, which includes member states of the Organization of the Petroleum Exporting Countries and allies including Russia, will hold a meeting the day after tomorrow to discuss the previously agreed production increase by 400,000 barrels per day for several months.
On the sidelines of a government-sponsored event in Kuwait City, the minister said that "there is a slowdown in the market, since Covid-19 has begun to take its fourth wave in some areas, we must be careful in this aspect and reconsider this increase and there may be a halt to this 400 increase." A," adding that the economies of East Asia and China are still affected by COVID-19, so caution should be exercised.
According to "Reuters", carried out the "OPEC" last year cut a record production by ten million barrels per day , equivalent to about 10 per cent of global demand tumbled demand for energy due to travel restrictions and closures in some countries to counter the spread of Kovid - 19.
In regard to Separately, Kuwait is seeking to convert the largest tire dump in the world into a new residential city. The landfill area in the north of the country extends over two million square meters, and is located five kilometers from the Jahra Governorate.
Between 2012 and 2020, the landfill witnessed three major fires that almost caused a major environmental disaster, which prompted the authorities to close it, and after 17 years of accumulating more than 42.7 million tires in the landfill, these tires will be started to be recycled.
"We have moved from a difficult stage that was characterized by a great environmental risk," Al-Faris said in a ceremony held on the land of Mardam, which seemed completely empty of tires yesterday.
The Kuwaiti Oil Minister added, "Today the area is clean and all tires have been moved to launch the Saad Al-Abdullah residential project." Over the past few months, shipments on more than 44,000 trips have transported tires to the Salmi area near the industrial area, where they will be temporarily stored.
The minister stressed that "the storage process in the new area is temporary before tires are shredded and recycled for local use or export." He explained that "the method of storage is carried out in the new site with international specifications, providing safety, security and speed of intervention and control in the event of any fire outbreak, whether it is an active act or as a result of high temperatures in the summer."
For his part, Sheikh Abdullah Al-Sabah, Director of the Environment Public Authority, explained that "the environmental authorities have drawn up a road map for recycling all car tires," stressing that they will not allow the emergence of a new tire dump.
Sheikh Abdullah said, "Today's factory recycles these tires, and we are seeking to find other manufacturers to contribute to ending the tire problem." Alaa Hassan, CEO of Ebisco Company, confirmed that her factory currently produces a lot of raw materials from car wheels, such as those used in asphalting and paving of roads or the manufacture of stadium floors and walking fields.
Hassan pointed out that her factory, which can recycle about two million car tires annually, will eventually, in the event of cooperating with other factories, remove the accumulation of car tires in any area in Kuwait.





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