Kuwaiti Oil Barrel Price101.45 Date:08-08-2022

& Events

Kuwait oil achieved a new goal in reducing flaring gas rates


Kuwait Oil Company has announced a new global achievement in improving environmental conditions by reducing the rate of the natural gas burn, through the optimal exploitation of hydrocarbons according to the global health safety and environmental standards. Kuwait Oil Company said in a press release on Thursday, that Kuwait has occupied advanced positions in this field compared to leading countries in oil and gas production, where the company has reached less than one percent in the current year in a rate of gas burn that took place among the world’s leading countries. Also it was added, that this global achievement is a significant positive impact on Kuwait’s position in the world’s map in the oil and gas. Which reflects the company’s interest to keep pace with the global oil industry in the environment field. Also it was mentioned that, the environmental awareness and commitment to protect the Kuwaiti environment among the most important criteria for advancement and development, through what it can measure the level of the companies in the world especially the oil part. It was stated that this achievement comes from the social economic and environmental responsibility, which the company pays attention to the entire operations which encourages workers to work hard to find solutions, overcome challenges and place a specific mechanisms to make the most of the natural gas.

of Oil Tender

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

Announcement of Exercise No.1/2022-2023

Oil Ministry Announcement of Exercise No. 2023/1-2023 The Ministry of Oil announces the offering of an internal practice for a period of 3 years, which is: Internet service provision 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 (Ministry of Oil - Third Floor - Financial Affairs Department - Fund Department) during official working hours starting from Sunday 26/6/2022 AD, for an amount The amount of 75 Kuwaiti Dinars (seventy-five Kuwaiti Dinars) is not refundable, and the deadline for submitting bids is on Thursday 7/7/2022 AD at 2:00 pm, in the Practices Fund of the Ministry of Oil, and the bids are valid for a period of 90 days as of From the date of opening the bid envelopes, the value of the initial guarantee for this bid is 2%, and it should be valid for the duration of the bid Bid validity period, noting that the exercise is indivisible.

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