Ministry of Oil (Kuwait)
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- Tariq Suleiman Al-Roumi[1], Minister of Oil
| Ministerial Department overview | |
|---|---|
| Formed | 1 April 1975 |
| Jurisdiction | Government of Kuwait |
| Headquarters | Kuwait City |
| Minister responsible |
|
| Child Ministerial Department | |
| Website | Official website |
The Ministry of Oil is one of the governmental bodies of Kuwait and part of the cabinet.
The production and export of oil in Kuwait were among the responsibilities of Kuwait's finance department until 1962 when the department was reorganized under the name of the ministry of finance and oil.[2] Then the body was renamed as the ministry of finance and economy and dealt with oil-related policies until April 1975 when the ministry of oil was established.[3] The ministry was established to protect the state’s natural resources along with two other major public bodies, namely the Supreme Petroleum Council and the Kuwait Petroleum Corporation.[4] The ministry is headquartered in Kuwait City.[5]
In 1986 the ministry was separated from the Ministry of Finance.[4] At the same time on 12 August 1986 the mission of the ministry was refined and includes the following: Protecting, exploiting and developing the petroleum resources, and raising the share of petroleum in the national income and securing the safety of workers, environment and structures.[5] The ministry was reorganized as part of the Ministry of Energy in 2003.[4] Following this reorganization, energy policy of the country is overseen by the ministry.[6] The Kuwait Petroleum Corporation is the major state-run body governed by the ministry.[7]
