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

News
& Events

Oil crosses 50 dollars for the first time since March

11-12-2020

On Thursday, oil prices jumped in trading to break the barrier of $50 a barrel for the first time since last March to offset hopes for a faster recovery in demand after the promising results of the (Covid 19) vaccine. Although US crude stocks last night showed that there is still an abundance in supply, prices have increased with the start of Britain’s vaccination campaign this week and the US will probably start by the end of this week, while Canada agreed last night to start distributing the vaccine. Brent rose and 1.27 or 2.6 percent to $50.13 a barrel rising for the third consecutive day while US west Taxes Intermediate crude rose $1.15 or 2.5 percent at $46.47 a barrel. The rise comes even after the latest weekly report on US oil inventories showed a tremendous rise by 15.2 million barrels in crude inventories while expectations came for a decline of 1.4 million barrels. Oil prices were supported by some tension after two wells in a small oil field in northern Iraq caught fire and the country’s government described it as a terrorist attack although production was not affected. The Organization of the Petroleum Exporting Countries OPEC and non-OPEC Russia and agreed last week to reduce oil production cuts slightly starting next January by 500 thousand barrels per day.

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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