fbpx

Type to search

Iran Says Saudi-Kuwaiti Deal to Develop Durra Gas Field ‘Illegal’

Kuwait signed a deal with Saudi Arabia to develop the Durra field, which is expected to produce 1 billion standard cubic feet per day of gas and 84,000 barrels per day of condensates


a gas field
A file photo of a gas plant. Tehran said it must be included in any action to operate and develop the Durra gas field field. Photo: Reuters.

 

Iran said on Saturday that a document signed between Saudi Arabia and Kuwait this week to develop the Durra gas field was “illegal” since Tehran also has a share in the field and must be included in any action to operate and develop the field.

Kuwait signed a document with Saudi Arabia to develop the Durra field, which is expected to produce 1 billion standard cubic feet per day of gas and 84,000 barrels per day of condensates, according to a statement last Monday by the Kuwait Petroleum Corporation.

“The Arash/Al-Durra gas field is a joint field between Iran, Kuwait and Saudi Arabia,” Iran’s foreign ministry said in a tweet.

“Parts of it are located in areas between Iran and Kuwait whose water boundaries have not been defined. The Islamic Republic of Iran also reserves the right to exploit the gas field,” it said.

Iranian media quoted Foreign Ministry spokesman Saeed Khatibzadeh as saying: “The recent move by Kuwait and Saudi Arabia in the framework of a cooperation document is contrary to what has been previously negotiated, and is illegal.

“Any action in the operation and development of this field must be in coordination with all three countries,” it added.

 

  • Reuters with additional editing by Sean OMeara

 

ALSO READ:

 

 

 

 

Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.

logo

AF China Bond