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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    A Saudi-Kuwaiti agreement to develop a joint oil field "irritates Iran"

    Rocky
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    A Saudi-Kuwaiti agreement to develop a joint oil field "irritates Iran" Empty A Saudi-Kuwaiti agreement to develop a joint oil field "irritates Iran"

    Post by Rocky Mon 12 Dec 2022, 6:08 am

    A Saudi-Kuwaiti agreement to develop a joint oil field "irritates Iran"



    A Saudi-Kuwaiti agreement to develop a joint oil field "irritates Iran" 1670825538868

    2022-12-12 00:12

    Shafaq News/ The Kuwaiti and Saudi sides signed a memorandum of understanding to develop the Al-Durra field, located in the submerged area adjacent to the divided area between the two countries.
    The memorandum was signed by the Kuwait Gulf Oil Company and Saudi Aramco Gulf Operations Company. And in the presence of the Kuwaiti Deputy Prime Minister, Minister of Oil Badr Al-Mulla, and the Saudi Minister of Energy, Prince Abdulaziz Bin Salman, at the Kuwait Petroleum Corporation.



    The acting CEO of Gulf Oil, Khaled Al-Otaibi, said that the joint Dorra development program aims to produce non-associated gas in total quantities equivalent to one billion standard cubic feet of gas per day, in addition to 84 thousand barrels per day of liquefied gas.
    Al-Otaibi added that the memorandum includes procedures for developing the field, resulting from the implementation of the items stipulated in the minutes of the ministerial meeting, re-evaluation and completion of engineering studies for the Durra project, and the formation of a specialized technical team to implement the project.
    And last March, the two countries announced an agreement to exploit the field according to a memorandum they signed in December 2019, which angered Iran, which claimed that parts of the field are located in disputed (Iranian) areas with Kuwait and Saudi Arabia, but the Kuwaiti Foreign Ministry confirmed that Iran is not parties in the field, calling on them to negotiate the demarcation of the eastern boundary of the divided submerged area.
    And last May, Tehran announced that negotiations had already begun with Kuwait, delegated by Saudi Arabia, to negotiate on behalf of the two countries over the crisis. A few days later, Iranian Oil Minister Javad Oji announced that his country would complete comprehensive studies in the field, in preparation for starting the installation of drilling platforms and carrying out seismic studies, stressing that "unilateral action regarding the field will not prevent us from implementing our plan."
    In 2015, the Kuwaiti Foreign Ministry summoned the Chargé d'Affairs of the Iranian Embassy to protest against Iran's proposal to develop two projects for the Dorra oil field.
    The Kuwaiti Foreign Ministry said that it had delivered a protest note due to reports indicating that the National Iranian Oil Company had issued a bulletin regarding oil investment opportunities in Iran, including opportunities to invest in parts of the Durra field extension, located in the overlapping maritime area that has not been demarcated between Kuwait and Iran.
    The Dorra field, or as the Iranians call it the "Arash" field, is located in the north of the Gulf, in the form of a water triangle, the largest part of which is located on the common borders between Kuwait and Saudi Arabia, and a common part of the field is located with the Iranian side, and Riyadh and Kuwait have reached an agreement regarding the maritime borders. between the year 2000.
    The dispute over this field dates back to the sixties, when Iran granted the right of exploration and exploitation to the Iranian-British Oil Company, while Kuwait granted the concession to the "Royal Dutch Shell" company, and the two concessions overlapped in the northern part of the Dorra field. 
    https://shafaq.com/ar/%D8%A7%D9%82%D8%AA%D8%B5%D9%80%D8%A7%D8%AF/%D8%A7%D8%AA%D9%81%D8%A7%D9%82-%D8%B3%D8%B9%D9%88%D8%AF%D9%8A-%D9%83%D9%88%D9%8A%D8%AA%D9%8A-%D9%84%D8%AA%D8%B7%D9%88%D9%8A%D8%B1-%D8%AD%D9%82%D9%84-%D9%86%D9%81%D8%B7%D9%8A-%D9%85%D8%B4%D8%AA%D8%B1%D9%83-%D9%8A%D8%AB%D9%8A%D8%B1-%D8%AD%D9%81%D9%8A%D8%B8%D8%A9-%D8%A7%D9%8A%D8%B1%D8%A7%D9%86
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