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

& Events

Kuwait Oil Min. meets Saudi Energy Min.


Kuwaiti Minister of Oil Mohammad Al-Fares met on Wednesday with Saudi Minister of Energy Prince Abdulaziz bin Salman in Riyadh. During the meeting, both sides discussed ways of bolstering cooperation on the energy level, They also reviewed the positive aspects of the signed agreements to divide the Neutral Zone between both countries and a memo of understanding of resuming joint oil production along the border which embodied the strong brotherly bonds between the two countries. Furthermore, the Kuwaiti and Saudi ministers discussed the upcoming stages that target strengthening the relations between Kuwait and Saudi Arabia by executing the agreements which would reflect in moving forward towards achieving common interests. On the other hand, both sides discussed recent market standings, joint cooperation to support the stability of the petroleum market and their active roles in the OPEC+ agreement which led to regaining balance of international oil markets. The two sides stressed on the importance of joint efforts and cooperation to maintain achievements and for more to come.

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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