Saudi, Kuwait to develop gas field despite Iran resistance.Tehran in late March said the deal contravened ‘previously held negotiations’.
15 April 2022, 12:00 AM
30 April 2022, 12:00 AM
Saudi Arabia and Kuwait will develop a disputed gas field despite Iranian objections while urging Tehran to engage in negotiations.
Kuwait said in March the field was expected to produce one billion cubic feet of natural gas per day, with 84,000 barrels of condensate daily.
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 on Wednesday.
Tehran in late March said the deal contravened “previously held negotiations”, adding it “reserves its right to exploit” the field.
“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.
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.