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

News
& Events

The Ministry of Oil: Kuwait is fully committed to the agreement to declare cooperation within (OPEC Plus)

24-11-2021

Today, Wednesday, the Kuwaiti Ministry of Oil confirmed Kuwait's full commitment to the agreement to declare cooperation within the (OPEC Plus) alliance - which includes the Organization of Petroleum Exporting Countries (OPEC) and producing countries from outside - denying the existence of any prior Kuwaiti position regarding the next meeting of the alliance. And (Oil) said in a press statement that the Minister of Oil and Minister of Higher Education Dr. Mohammed Al-Fares will participate in the 35th meeting of the Ministerial Committee for Monitoring Production, the 182nd Ministerial Meeting of (OPEC) and the 23rd Ministerial Meeting of the (OPEC Plus) alliance to be held (remotely) early next December. The ministry explained that "the regular, periodic consultations that accompany such important meetings have not started yet, and no position has crystallized for the State of Kuwait so far regarding the directions of (OPEC Plus) during the next meeting." The ministry added that "(OPEC Plus), through consultation, coordination, and the announcement of the cooperation agreement, does everything that contributes and supports the stability and balance of markets," noting that "the State of Kuwait always supports collective action within the framework of the (OPEC Plus) agreement, after consultation and studying the conditions of the oil markets within a framework of action." The joint technical and ministerial committees to monitor production as usual.

Ministry
of Oil Tender
Announcement

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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