Kuwait and Iraq reach agreement over border oilfields

26 August 2010

Kuwait's oil minister has said an agreement has been reached with Iraq on sharing border oilfields and to allow an international oil company to develop them, Reuters has reported. The agreement called for an international oil company to drill for oil in those fields for both countries, adding no company had been chosen yet, Sheikh Ahmad al-Abdullah al-Sabah said.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications