Saudi Says It and Kuwait Have Right to Exploit Gas-rich Offshore Area

Reuters
Wednesday, April 20, 2022

The Saudi cabinet reaffirmed the right of the kingdom and its neighbor Kuwait to exploit natural resources at a joint, energy-rich, offshore area, the state news agency reported on Tuesday.

It also stressed the right of the two countries to develop the Durra natural gas field, located in this area, the agency said after a cabinet meeting.

Saudi Arabia and Kuwait invited Iran earlier this month to hold negotiations to determine the eastern limit of the joint area.  

(Reuters - Reporting by Yasmin Hussein and Mahmoud Mourad / Editing by Chris Reese)

Categories: Energy Middle East Industry News Activity Production

Related Stories

Oil Heads for Weekly Decline Despite Middle East Supply Threats

Orlen Terminates QatarEnergy LNG Deal Over Supply Disruptions

Oil Heads for Steep Weekly Drop Despite Middle East Supply Risks

Current News

Nova Scotia, Massachusetts Explore Joint Offshore Wind Power Developments

Seaway7 Starts Cable Installation at Ørsted’s Hornsea 3 Wind Farm

Scotland-England Subsea Power Link Secures Marine License

Norway's Top Court Invalidates Three Offshore Oilfield Approvals

Subscribe for OE Digital E‑News