kuwait plays down row with saudi over shared oilfield
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Kuwait plays down row with Saudi over shared oilfield

Arab Today, arab today

Arab Today, arab today Kuwait plays down row with Saudi over shared oilfield

Kuwaiti Oil Minister Ali al-Omair
Kuwait City - AFP

Kuwait has played down a row with Saudi Arabia over its decision to halt production at an offshore oilfield jointly operated by the two Gulf neighbours.
Oil Minister Ali al-Omair said the dispute over operations at the Khafji field would not affect strong ties.
"We hope to resolve this matter through dialogue, contacts and the open-door policy existing between the two nations," Omair said, cited by the official KUNA news agency overnight.
A Kuwaiti oil trade union and Kuwaiti media have accused Saudi Arabia of unilaterally halting the field's production of 311,000 barrels per day, which had been shared equally between the two Arab states.
Foreign ministry undersecretary Khaled al-Jarallah said the decision to halt output at the field was taken on technical and not political grounds.
"Relations between the two sisterly countries are too strong to be undermined by a difference in viewpoints," over oil production in the neutral zone, Jarallah said, speaking on the sidelines of a Gulf foreign ministers' meeting in the Saudi capital.
"The stoppage of production at Khafji in the divided zone with Saudi Arabia was for purely technical reasons and not political," he said, cited by KUNA late Sunday.
"Brothers in Saudi Arabia want to carry out maintenance work and deal with environmental issues which are understood by the Kuwaiti side.
"Production will resume to its normal level when these technical matters are sorted out."
Khafji is part of the neutral zone between Kuwait and Saudi Arabia which is jointly operated by the two nations and had produced around 700,000 bpd of shared crude.
Both countries have excess production capacity and are likely to make up any loss in output if the problem is not quickly resolved.
Saudi Arabia, the world's largest oil exporter, is pumping around 9.6 million bpd and has just under 3.0 million bpd of spare capacity.
Kuwait has production capacity of more than 3.2 million bpd and is pumping an average of 3.0 million bpd.
The two governments signed the neutral zone agreement almost 50 years ago.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

kuwait plays down row with saudi over shared oilfield kuwait plays down row with saudi over shared oilfield

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

kuwait plays down row with saudi over shared oilfield kuwait plays down row with saudi over shared oilfield

 



GMT 07:55 2017 Tuesday ,28 March

Wafaa Amer wears Hijab in 'The Flood'

GMT 03:34 2017 Thursday ,16 February

Maastricht aims to rekindle European dream, 25 years on

GMT 05:12 2017 Saturday ,01 July

‘Star Wars’ droid R2-D2 auctioned for $2.8m

GMT 01:34 2016 Friday ,28 October

PAP president arrives in Cairo

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 23:08 2018 Monday ,22 January

BOC announces 2018 programme

GMT 09:46 2015 Thursday ,30 July

Tom Cruise attend 'Mission: Impossible' premiere

GMT 01:18 2017 Wednesday ,22 February

Three astronauts touch down after 6 months in space

GMT 11:04 2017 Wednesday ,22 February

Top US envoys to meet Mexico president to calm tension

GMT 11:33 2017 Saturday ,11 November

PM lauds sacrifices of Pakistan Army against terrorism

GMT 14:56 2017 Thursday ,17 August

Alibaba profit nearly doubles on robust revenues

GMT 15:06 2017 Monday ,13 March

Europe-Turkey rift widens
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday