Oil reserves may not be as high as estimated, warns second district candidate

By KUNA,

Kuwait : Candidate running for the 2008 parliamentary elections in the second constituency, Mansour Muhareb, said Kuwait stood before a great challenge, that of the volume of oil reserves the country sat on.


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Speaking at the inauguration of his campaigning headquarters in Abdullah Al-Salem Area Wednesday evening, he said there was speculation over the fact that Kuwait did have 99 billion barrels of reserve oil that would last 140 years, and that the number could in fact be much lower.

He also warned of “the rampant corruption” in different sectors, noting that Kuwait ranked 60th in the report of the Transparency International report for 2007 after having been at 46 the year before.

The candidate also criticized the large state budget that was approved for 2008-2009.

The country is facing serious challenges, he said, “and thus we must move to rescue Kuwait,” encouraging voters to cast a ballot that would “protect the country and your future.”

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