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

News
& Events

(OPEC +) decides to move forward with the production line

03-12-2021

The member states of the (OPEC +) alliance agreed today, Thursday, to adjust the total monthly production by adding an increase of 400,000 barrels per day next January, according to the plan to adjust the monthly production approved during its meeting last July. This agreement came at the conclusion of the 23rd ministerial meeting of the Organization of Petroleum Exporting Countries (OPEC) and its non-OPEC allies participating in the (OPEC +) alliance. The final statement of the meeting issued by (OPEC +) affirmed that in light of the current fundamentals of the oil market and the consensus on its prospects, the coalition countries reaffirmed the monthly production adjustment plan and its mechanism, which were approved at the 19th ministerial meeting held last July, and increased production by 400 thousand barrels per day. next January. The statement indicated the continued commitment of the countries participating in the declaration of cooperation to ensure a "stable and balanced" oil market, in a manner that preserves the current market fundamentals of supply and demand. The (OPEC +) alliance also agreed that the meeting would remain in a permanent state to follow up on the developments of the epidemiological situation, monitor its consequences on the market, and make “immediate” adjustments if necessary. The "critical" importance of the commitment to full conformity and compensation mechanism for the member states of the coalition was also emphasized. It is noteworthy that it was also agreed to hold the 24th ministerial meeting of the countries of the (OPEC +) alliance on the fourth of next January.

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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