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

& Events

Kuwait Oil tankers officially receives the giant crude oil tanker (Al-Siddiq)


Abdul Nasser Al-Fulaij the Acting Chief Executive Officer of the Kuwait Oil Tanker Company announced on Sunday the receipt of the giant crude oil tanker (Al-Siddiq) from the Chinese Bohai Company. He noted that this the first cooperation for Kuwait with the Republic of China in the field of shipbuilding. Al-Fuleij told the Kuwait News Agency (KUNA) that with the receipt of Al-Siddiq, the oil tankers have completed their plan to modernize and develop their fleet through the implementation projects to build their new tankers, which were completed in four phases where the fourth phase is culminated in the delivery of the Al-Siddiq tanker. He added with the arrival of the tanker, the company has 32 tankers of different sizes and purposes that meet the needs and plans of KPC's global marketing sector, which is always keen to provide the necessary requirements for the safe and continuous transport of Kuwaiti crude oil and its derivatives around the world. However it was mentioned that the length of the Al-Siddiq Tanker is about 333 meters and 60 meters wide and has a capacity of 5.22 meters. It has a speed of 15 knots per hour, while its cargo is about 323 thousand metric tons of crude oil which equivalents to 25.5 million barrels. It is also capable of unloading all cargo in less than 24 hours. Al-Fuleiji said that the tanker is a friendly environment because it is equipped with systems and equipment to treat various gaseous emissions from the tanker, treat sulfur oxides, nitrogen oxides, reduce carbon dioxide emissions. Emit volatile organic compounds and balancing water. He emphasized the company's commitment to applying international requirements and standards in accordance with international maritime laws and international classification bodies, which would achieve an outstanding performance level for its fleet and thus raise the name of Kuwait is high within the international forums in the maritime industry.

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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