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

News
& Events

OPEC Plus expresses its appreciation for the Commitment Member states to reduce production

18-11-2020

The Ministerial Committee of the Organization of Petroleum Exporting Countries (OPEC) said on Tuesday that it was satisfied with member states to reduce production, exceeding expectations in order to support the global market. This came at the end of the 24 meeting of the Joint Ministerial Committee of the OPEC Plus Alliance which was held through teleconference, chaired by Saudi Energy Minister Prince Abdul Aziz bin Salman, and Co-Chairman, Minister Alexander Novak Russian Deputy Prime Minister and Energy. In its final statement, the Committee stressed that the critical importance of a commitment of full compensation of excess quantities in order to achieve the goal of restoring the balance of the global market. By referring to the strong oil demand in Asia and the positive news about the vaccines against (COVID-19), saying that the stricter measures that contain the disease which is across the continents, including full closures, affects the recovery of oil demand, and therefore the risks and uncertainties are still high. Also it was urged that all participating producing countries have to be vigilant, proactive and ready to act when necessary in accordance with market requirements. Also it was stated that it will present its Ministerial meeting of the Organization of the Petroleum threcommendations to the 12Exporting Countries OPEC and non-member producing countries, which is scheduled to held through teleconference in the beginning of next December. The next meeting of the Technical Committee and the Joint Ministerial Committee of the OPEC Plus Alliance will be held on of December. thand 17 ththe 16

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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