Exclusive: NOC Issues Decision to Amend Unified Bidding and Contracting Regulations for Affiliated Oil Companies

Our source has exclusively obtained a decision from the Board of Directors of the National Oil Corporation regarding an amendment to the unified bidding and contracting regulations for its affiliated oil companies, as per Decision No. (188) of 2023.

The amendment aims to maximize economic and technical efficiency in executing sector projects at competitive prices and high quality, while ensuring equal opportunities among all competitors. Additionally, all awarded bids relying on NOC-owned execution tools—where financial approvals have not been granted or implementation has not commenced—will be canceled.