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Home Uncategorized

Saudi, Kuwait to develop gas field despite Iran’s anguish

Editor by Editor
April 14, 2022
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Saudi, Kuwait to develop gas field despite Irans anguish

Saudi, Kuwait to develop gas field despite Irans anguish

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Saudi Arabia and Kuwait will develop a disputed gas field despite Iranian objections while urging Tehran to engage in negotiations.

The Gulf allies will honour their deal – branded “illegal” by Iran – to develop the Arash/Dorra maritime gas field, the Saudi foreign ministry said in a statement .

“Saudi Arabia and … Kuwait affirm their right to exploit the natural resources in this area and that they will continue working to enforce what was agreed upon,” it said.

But the two countries also issued a new invitation for Iran to negotiate over the boundary of the gas field, the subject of a dispute that goes back decades.

“The Kingdom of Saudi Arabia and the State of Kuwait, as a single negotiating party, renew their invitation to the Islamic Republic of Iran to hold these negotiations,” the statement said.

Tehran in late March said the deal contravened “previously held negotiations”, adding it “reserves its right to exploit” the field.

The row over the field dates back to the 1960s, when Iran and Kuwait each awarded an offshore concession, one to the former Anglo-Iranian Oil Company, the forerunner to BP, and one to Royal Dutch Shell.

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