Kuwaiti Oil Barrel Price71.29 Date:02-12-2021

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His Excellency the Minister of Oil signs a memorandum of cooperation with the President of the Municipal Council

12-10-2021

With the aim of cooperation and coordination between the two sides to achieve the common good His Excellency the Minister of Oil signs a memorandum of cooperation with the President of the Municipal Council Forming a joint working group to facilitate the expedited resolution of any outstanding issues that require speedy completion His Excellency the Minister of Oil and Minister of Higher Education Dr. Muhammad Abdul Latif Al-Fares signed a memorandum of cooperation with His Excellency the President of the Municipal Council Osama Hammoud Al-Otaibi, this morning, Tuesday, October 12, 2021. And in the presence of His Excellency the Undersecretary of the Ministry of Oil, Sheikh Dr. Nemir Fahad Al-Malik Al-Sabah. The Ministry of Oil said in a press statement that the memorandum of cooperation aims to coordinate and cooperate between the Ministry of Oil and the Municipal Council to achieve the public interest. She stated that the Ministry of Oil is responsible for managing the oil sector in the country, where the law entrusted it with managing the affairs of oil wealth, exploiting and developing it to ensure the development of the state's resources and increasing its national income, in cooperation with the relevant governmental bodies and institutions, including the Municipal Council, which supervises projects and their urban sites and determines their uses. Land, noting that the memorandum of cooperation will have a great impact in achieving the public interest. The Ministry of Oil indicated that it was agreed to form a joint working group to facilitate expediting the resolution of any outstanding issues that require speedy completion, as well as following up on the implementation of the articles of the memorandum of cooperation, provided that the joint working group meets in the municipal center or at the Ministry of Oil.

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