Kuwaiti Oil Barrel Price76.30 Date:08-12-2022

News
& Events

The European Commission Union expects oil prices continue to rise

14-10-2020

The European Commission has predicted on Wednesday that oil prices will continue to rise despite from Covid-19. The European commission has pointed out in a report intitled (Energy prices and costs in Europe) that oil prices fell in 2020 were declined and movement restrictions that were caused by Covid-19 till mid-April 2020, when the oil leading producers agreed to cut production. Also, the report said that the prices have been rising since then and may continue to grow alongside increases in the global economic activity. However, the report mentioned that the oil prices are not expected to rise the values that were registered in 2019 before 2021. Also, the report added that the coronavirus has accelerated the growing penetration of renewable energy into the market, which was contributed to reduce the presence of coal and gas in different fuels used to generate electricity. The report also pointed out that in 2018, 69 percent of oil the total of European Union’s import bill with 27 percent of gas and four percent of hard coal. Oil and gas prices began to fall at the end of 2019, which helped to reduce the European’s Energy bill. Today the European Commission, has adopted a serious energy policy proposals and report to achieve the European Communities green plan deal at the end of 2019 and climate neutrality by 2050 and emissions reduction targets by 2030.

Ministry
of Oil Tender
Announcement

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

Oil Ministry Advertisement for exercise No. 4/ 2022-2023 (Providing internet service and communication transmission lines for a period of three years)

Oil Ministry Advertisement for exercise No. 4/ 2022-2023 (Providing internet service and communication transmission lines for a period of three years) 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 the Ministry of Oil - Third Floor - Financial Affairs Department - Fund Department During official working hours starting from Sunday 10/30/2022 This is for an amount of 75 dinars (seventy-five Kuwaiti Dinar) Non-refundable, and the deadline for submitting bids is Thursday 10/11/2022 At 2:00 p.m This is in the Practices Fund of the Ministry of Oil, and the bids are valid for a period of 90 days from the date of opening the bid envelopes, and the initial guarantee for this bid is 2% and it should be valid for the duration of the bid’s validity, knowing that the bid is indivisible.

The Ministry of Oil announces the launch of a general practice (Renewal of license and technical support for CORTEX-XD program for the fiscal year 2022-2023)

The Ministry of Oil announces the launch of a general practice (Renewal of license and technical support for CORTEX-XD program for the fiscal year 2022-2023) For inquiries, please visit the Ministry of Oil Building - Oil Sector Complex - Third Floor - Fund Section Oil Ministry Advertisement for exercise Tender No. 3/ 2022-2023 The Ministry of Oil announces the introduction of the following practice: (Renewal of license and technical support for CORTEX-XD program for the fiscal year 2022-2023) This is in accordance with the general and special conditions and specifications contained in the above-mentioned practice documents. The practice documents can be obtained from the Ministry of Oil - Third Floor - Financial Affairs Department - Fund Department during official working hours starting from Sunday 10/30/2022 This is for an amount of 75 dinars (Seventy-five Kuwaiti Dinars) are not refundable, and the deadline for submitting bids is Thursday 10/11/2022 At 2:00 in the afternoon This is in the practices fund of the Ministry of Oil. Bids are valid for a period of 90 days from the date of opening bid envelopes. The initial guarantee for this bid is 2%, and it should be valid for the duration of the bid’s validity, bearing in mind that the bid is indivisible.

Oil Ministry Announcement of Exercise No. 2023/5-2023 The Ministry of Oil announces the launch of an internal practice

Oil Ministry Announcement of Exercise No. 2023/5-2023 The Ministry of Oil announces the launch of an internal practice License renewal and technical support for Paloalto firewall This is in accordance with the general and special conditions and specifications contained in the above-mentioned practice documents. The practice documents can be obtained from the Ministry of Oil - Third Floor - Financial Affairs Department - Fund Department during official working hours starting from Sunday 10/30/2022 for an amount of 75 dinars (five Seventy Kuwaiti dinars are non-refundable, and the deadline for submitting bids is on Thursday 11/10/2022 at 2:00 pm, in the Practice Fund of the Ministry of Oil. The initial guarantee for this bid is 2%, and it should be valid for the duration of the bid’s validity, bearing in mind that the practice is indivisible

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