Kuwait plans to settle gas field dispute with Iran

Nov 26, 2003 01:00 AM

Kuwait has said that it plans to settle its dispute with Iran over an oil field diplomatically.
"We are not looking of an escalation with Iran and diplomatic procedures are being taken by the foreign ministry and any decision taken in this regard will be respected," Minister of Energy, Sheikh Ahmad Al-Fahad said.

Sheikh Ahmad was referring to the Durra gas field, which lies on the Kuwaiti-Saudi maritime border but part of it also lies in Iran which also makes claims to the field. There are ongoing efforts to settle the conflict by the Oil Ministry and the Kuwait Petroleum Corporation (KPC), he stressed.
Earlier, Kuwait's energy ministry said the emirate planned to invite international bids soon to develop the gas field in cooperation with Saudi Arabia. Kuwait had been delaying plans for the gas field until completing negotiations with Iran for demarcating maritime borders, but has now decided to go ahead with the plan alongside the talks.

Source: Kuwait News Agency
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