Kuwaiti Oil Barrel Price89.64 Date:24-01-2022

News
& Events

(OPEC) expects an increase in global demand for oil next year by more than four million barrels per day

14-09-2021

Today, Monday, the Organization of Petroleum Exporting Countries (OPEC) expected an increase in global oil demand in 2022 by 4.15 million barrels per day. And (OPEC) said in its monthly report that the economic recovery will be delayed a little to start during the first half of next year due to the effects of the mutated (Delta) strain of the (Corona) virus on the oil market, as the world is expected to witness a better deal with the pandemic, which will restore economic activity and movement strongly to levels Before the (Corona) crisis. And the organization continued in its report, saying that due to the consequences of this mutated strain, global demand for crude is expected to decline during the last quarter of 2021 to 99.70 million barrels per day, i.e. 110 thousand barrels per day less than expectations last month. In its report, (OPEC) stressed that the pace of global oil demand recovery is expected to be stronger now and then gradually rise from mid-2022. The (OPEC +) alliance decided in early September at its 20th ministerial meeting to continue adhering to the current production plan and to continue increasing supplies by about 400,000 barrels per day during the month of October.

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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