Saudi Arabia and Kuwait Assert Joint Ownership of Offshore Gas Field. Urge Iran to Engage in Talks

Reuters
Thursday, August 3, 2023

Saudi Arabia and Kuwait reaffirmed that they jointly own rights to natural resources in the Gulf's Durra gas field, Saudi state news agency SPA reported early on Thursday, citing a statement from the Saudi foreign ministry.

The foreign ministry also said both countries are renewing calls for Iran to engage in negotiations on the demarcation of the eastern border of the Gulf's maritime "Divided Area," SPA said.

Saudi Arabia and Kuwait will negotiate as one party, with Iran acting as the other side in the talks "in accordance with the provisions of international law," the Saudi foreign ministry added.

Iran has previously said it has a stake in the Durra field and called a Saudi-Kuwaiti agreement signed last year to develop it "illegal."

Iran said on Sunday it would pursue its rights over the field if other parties shunned cooperation, a few days after Kuwait's oil minister said his country would start drilling and begin production without waiting for border demarcation with Iran.

(Reporting by Hatem Maher in Cairo, Editing by Leslie Adler and Matthew Lewis)

Categories: Middle East Gas Offshore Energy Industry News

Related Stories

Adura Hires Shearwater for OBN Seismic Survey Job on North Sea Field

Boskalis Orders High-Capacity CLV for Offshore Wind Market

ADES Lands $48M Nigeria Contract for Main Pass IV Rig

Current News

Bangladesh Offers Sweetened Terms in Offshore Tender

IKM Aconan to Deliver Drilling, Well Services for Vår Energi

Unity Wins North Sea Decom Contracts, Expands Overseas

Denmark Receives Offshore Wind Bids as Tender Scheme Rebounds

Subscribe for OE Digital E‑News