Kuwait, Iraq Sign up UK Energy Adviser for Joint Oilfield Study
2019-08-03 - 7:49 p
Bahrain Mirror (Reuters): Kuwait and Iraq signed an agreement on Friday with British energy advisory firm ERC Equipoise to prepare a study for the development of joint border oilfields, Kuwait's state news agency KUNA said.
The contract, which will study how the fields can be developed and exploited, was signed between officials of both Gulf states in Jordan and is expected to last for up to two and a half years, KUNA said.
There are several oilfields in the border area between Iraq and Kuwait, including Ratqa, which is a southern extension of Iraq's giant Rumaila field.
Production from cross-border oilfields has long been a source of tension between Iraq and Kuwait, which are members of the Organization of the Petroleum Exporting Countries.
In the build-up to Iraq's 1990 invasion of Kuwait, Baghdad accused Kuwait of drilling wells that crossed the border and pumped oil from Iraqi territory. Kuwait denied the allegation.
Kuwait's Oil Ministry Envoy Sheikh Talal Nasser al-Izabi Al Sabah said the contract signing was the result of six years of hard work between the two countries.
- 2022-07-07Israel Reaches Record Trade Increase With Arab States Under Abraham Accords
- 2022-06-10Israeli PM Bennett Visits Abu Dhabi, Meets with UAE President
- 2022-06-10Israelis to be Allowed into Qatar for World Cup, Officials Say
- 2022-06-06Biden should not Visit Saudi, Meet Crown Prince: US Lawmaker Adam Schiff
- 2022-06-01Israel Signs UAE Free Trade Deal, Its First in Arab World