Kuwait donates $500 mln oil products for Katrina

[Prestige]

KUWAIT (Reuters) - Wealthy OPEC nation Kuwait is donating $500 million worth of oil products and other humanitarian aid to its ally the United States to ease the impact of Hurricane Katrina, state news agency KUNA reported on Sunday.

"The humanitarian aid is oil products that the devastated (U.S.) states need in these circumstances, plus other humanitarian aid to lessen the devastation these three states have been subjected to," Energy Minister Sheikh Ahmad al-Fahd al-Sabah told KUNA.

Sheikh Ahmad said the gesture was a duty toward a friend by the tiny Gulf Arab state which was liberated in 1991 by a U.S.-led multinational coalition from seven months of occupation by Iraq.

The minister, who is also the OPEC chief, was speaking after the weekly meeting of the Council of Ministers. Tiny Kuwait controls nearly a tenth of global petroleum reserves.

[Anubis-Ra]

damn, them guys over there throw around money like it aint nothin. I'm glad to see some more donating though. Will this lower prices at the pump a little???

[IllLiterature]

500 million in oil aint hurting them.. and this should help.. good to see a gesture like this from an ally

[Kami]

bless them... who else donated?

[Anubis-Ra]

I heard Germany was sending help a couple of days ago, but I haven't heard anything else about it since.

[n.e.m.e.s.i.s.]

thats dope as fuck, 500 mils a lot, good shit.