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

& Events

OPEC celebrates the 60th anniversary


Secretary-General of the Organization of Petroleum Exporting Countries (OPEC) Mohammed Sanusi Barkindo, stressed on Monday the importance of the role that OPEC plays in the global energy market. Barkindo's position came in a speech to celebrate the 60th anniversary of the founding of the Organization of Petroleum Exporting Countries (OPEC). It is noteworthy that the (OPEC) was established on the 14th of September 1960, when the senior Ministers of Oil met in Baghdad the capital of Iraq by representing the five founding countries of the organization. Which they are: Ahmed Syed Omar from Kuwait, Dr. Fouad Rouhani from Iran, Talaat Al-Shaibani from Iraq, Abdullah Al-Tariki from Saudi Arabia and Dr. Juan Pablo Perez Alfonso from Venezuela. The organization has held time for knowledge and we must remember what the Venezuelan Minister of Oil said at the time. We are now united and we are making history. Barkindo said in a speech distributed to various media outlets that the organization has become an integral part of the global energy community, which does not dispense with consulting in the affairs of the oil industry and puts its policies in this sector at the forefront of its concerns. Also recalled the role played by OPEC in advocating just humanitarian issues by supporting sustainable development, eliminating poverty, protecting the environment and securing energy for all. Also, it was clear that OPEC is determined to face the challenges and its strong commitment to securing a balanced and stable oil market for producers and consumers alike.

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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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