Kuwaiti Oil Barrel Price119.24 Date:18-05-2022

News
& Events

Minister of Oil: 102% OPEC Plus Commitment to production cut last September.

20-10-2020

Dr.Khaled Al-Fadel Minister of Oil, Electricity and Water said on Monday that the percentage of OPEC Countries Commitment to reduce oil production has reached to 102 percent in September the highest since the production reduction agreement which was effected last May, which contributed to a gradual drop in inventories. Al-Fadel said in a statement was issued by the Ministry of Oil after he took over the country’s delegation to the 23 meeting of the Joint Ministerial Committee to monitor production, which was held by social distance in an unprecedent way due to the tireless effort of the Joint Ministerial Commitment which was headed by Saudi Energy Minister Prince Abdul Aziz Bin Salman Al Saud and Alexander Novak Vice President of Russia. Al-Fadel also stressed that Kuwait plays an important role in the committee activities through its continuous membership since its inception in 2017, by pointing out that the reports and data were considered during the committee meeting which showed that the surplus in the oil reserves is gradually decreasing. Al-Fadel called an OPEC member states to increase efforts to reach higher levels of commitment to implementing the production, which became inevitable in the upcoming months increasing frequency of Covid-19 globally which may negatively commercial activity on the global oil demand as soon as possible. According to the statement, all the participated delegations in the meeting praised of the late Amir Sheikh Sabah Al-Ahmed Al-Jaber. Al-Sabah’s repulsion as Prince Abdul Aziz Bin Salman Al-Saud and Muhammad Barkindo the General of the Organization of Petroleum Exporting Countries (OPEC) has delivered speeches which referred to their relationship and the special positions they have shared with the late Amir. However, the Minister gave a speech which was reviewed by the role of the loss homeland of supporting OPEC’s decisions since its establishment on 14 of September 1960. The OPEC Plus group includes OPEC member states in addition to 10 independent producers including Russia

Ministry
of Oil Tender
Announcement

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

Ministry of Oil Announcement of Tender Tender No. 1/22021-2022

The Ministry of Oil announces the launch of the following tender Maintenance of servers for virtual servers USB Blade Servers and the Dell Tape library" This is in accordance with the general and specific conditions and specifications contained in the tender documents mentioned above. The tender documents can be obtained from the Ministry of Oil - Third Floor - Financial Affairs Department - Fund Department during official working hours starting from Sunday 16/1/2022 AD, for an amount of 75 d. K. (Seventy-five Kuwaiti Dinars) is not refundable, and the deadline for submitting bids is on Thursday, 27/1/2022 AD at 2:00 pm, 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.

The Ministry of Oil announces the launch of a general practice

The Ministry of Oil announces the launch of a general practice (license renewal and technical support for the PALOALTO FIREWALL program) For inquiries, please visit the Ministry building - the oil sector complex - the third floor - the fund department

The Ministry of Oil announces the launch of a general practice

The Ministry of Oil announces the launch of a general practice (license renewal and technical support for the CORTEX-XDR program) For inquiries, please visit the Ministry building - the oil sector complex - the third floor - the fund department

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