Press briefing of Cabinet Decision taken on 2023-10-30

Term Contract for the procurement of 03 shipments of Crude Oil on the basis of payment in 30 days during the period from 2024-01-15 to 2024-06-14

- Bids have been invited to award the term contract for the purchase of 03 shipments of crude oil within the period from 2024‑01‑15 to 2024‑06‑14 on the basis of payment in 30 days and 03 bids have been received for the same. Accordingly, the proposal made by the Minister of Power and Energy to award the relevant procurement to M/s. Coral Energy DMCC, UAE, based on the recommendation of the Special Standing Cabinet Appointed Procurement Procurement Committee on the said bids, was approved by the Cabinet.