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

News
& Events

Ministry of Oil: The State of Kuwait leads consensus and success in the (OPEC +) meeting

03-12-2020

The Kuwaiti Ministry of Oil said that the (OPEC +) meeting ended this evening, Thursday, with success and agreement between the 23 countries of the OPEC group (the Organization of Petroleum Exporting Countries) and countries outside the organization called (OPEC +) after negotiations that lasted for weeks. The ministry added in a statement to Kuwait News Agency (KUNA) that the State of Kuwait, under the leadership of the Minister of Oil and Acting Minister of Electricity and Water Dr. Khaled Al-Fadhel, played a prominent diplomatic role in creating full compatibility between OPEC countries and countries outside the organization. He explained that this was done by submitting a Kuwaiti consensus proposal in cooperation with the People's Democratic Republic of Algeria (the presidency state) and the Republic of Azerbaijan (a non-OPEC member) that had the support of all participating countries without conditions or modifications. He indicated that the proposal that was agreed upon stipulates a gradual increase in production by no more than half a million barrels per day, starting from January 2021, provided that the ministerial meeting of the (OPEC +) group is held monthly to review market conditions and take appropriate recommendations regarding production levels for the following months. It stated that the proposal also included extending the compensation period for non-compliance with production quotas to the first quarter of 2021.

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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