Kuwaiti Oil Barrel Price101.45 Date:08-08-2022

& Events

Egypt Confirms its Readiness to Strengthen Oil Cooperation with Iraq


Engineer Tariq Mulla Minister of Petroleum and Mineral Wealth of Egypt, today confirmed his country's willingness to strengthen its corporate presence in Iraq for the next period with various petroleum, gas and petrochemical activities. The Presidency of the Council of Ministers stated in a statement that this had taken place during the meeting of Minister Mullah, Ambassador of Iraq to Egypt and Permanent Delegate to the League of Arab States Dr. Ahmed Al-Dulaimi to discuss ways of strengthening bilateral relations in the field of petroleum and gas and the expansion of Egyptian petroleum companies to participate in the implementation of oil and gas infrastructure projects in Iraq. In this context, Mullah mentioned the possibility of establishing an Egyptian-Iraqi joint venture company to facilitate the entry of the Egyptian companies into oil and gas projects in Iraq. However, it confirmed the proceedings of an agreement of the Iraqi supply crude to Egypt of 12 million barrels for a period of 6 months which was renewed regularly and confirmed the coordination and consultation between the petroleum and gas sectors of the two countries in order to strengthen joint cooperation. He noted the agreement and its transfer of Egypt’s expertise to Iraq in the petroleum refining industry and the operation of refineries by training Iraq cadres to meet the needs of Iraq in order to obtain the necessary technical support and qualification in this vital industry. Al-Dalimi stressed his country's desire to strengthen bilateral relations, open to Egypt and new avenues of cooperation. Iraq seeks a strong presence of Egyptian companies in Egypt.

of Oil Tender

Ministry of Oil Building - Oil Sector - Third Floor
Finance Department

Announcement of Exercise No.1/2022-2023

Oil Ministry Announcement of Exercise No. 2023/1-2023 The Ministry of Oil announces the offering of an internal practice for a period of 3 years, which is: Internet service provision This is in accordance with the general and specific conditions and specifications contained in the above-mentioned practice documents. The practice documents can be obtained from (Ministry of Oil - Third Floor - Financial Affairs Department - Fund Department) during official working hours starting from Sunday 26/6/2022 AD, for an amount The amount of 75 Kuwaiti Dinars (seventy-five Kuwaiti Dinars) is not refundable, and the deadline for submitting bids is on Thursday 7/7/2022 AD at 2:00 pm, in the Practices Fund of the Ministry of Oil, and the bids are valid for a period of 90 days as of From the date of opening the bid envelopes, the value of the initial guarantee for this bid is 2%, and it should be valid for the duration of the bid Bid validity period, noting that the exercise is indivisible.

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