September 18, 2023
1 min read

Iran Holds Firm on Disputed Gas Field Share

The offshore gas field, known as Durra in Kuwait and Saudi Arabia, was discovered in 1967. However, its development has been delayed due to a longstanding dispute over ownership involving these three countries….reports Asian Lite News

Iran will not give up its share of the Arash gas field, which is located in a neutral maritime zone between Iran, Kuwait and Saudi Arabia, Iranian Oil Minister Javad Owji said.

Owji added on Sunday that Iran expects all issues pertaining to the joint field to be resolved through negotiations with Kuwait, according to the Iranian Students’ News Agency.

Known as Durra in Kuwait and Saudi Arabia, the offshore gas field was discovered in 1967. However, its development has been delayed due to a dispute over ownership between the three countries, Xinhua news agency reported.

In March 2022, Saudi Arabia and Kuwait signed an agreement to jointly develop the field, but Iran has denounced the agreement as illegal and said it violated previous negotiations.

In July, Kuwait said it would commence drilling and gas production at the gas field without waiting for it to be officially demarcated with Iran.

ALSO READ: Afghanistan, Iran: China’s Plan-B to CPEC?

Previous Story

Recovery Efforts Begin After Deadly Flooding Hits Eastern Libya

Next Story

Special Parliamentary Session Marks 75 Years of India’s Parliament

Latest from -Top News

India-EU Trade Talks Resume

The proposed India-EU FTA covers 23 policy areas, or chapters, of which at least two – market access and rules of origin – have yet to be resolved….reports Asian Lite News India

India Launches Relief Ops in Bhutan

The Royal Government of Bhutan has expressed sincere gratitude to the Indian Army…reports Asian Lite News Amid unprecedented floods caused by a low-pressure system over the Bay of Bengal, relentless rainfall has

Piyush Goyal Heads to Doha for Trade Talks

During the visit, both sides are expected to discuss the proposed India–Qatar Free Trade Agreement (FTA)….reports Asian Lite News Union Commerce and Industry Minister Piyush Goyal will travel to Doha, Qatar, on

Jaishankar Hints at Tariff Deal with US

Jaishankar explained that the ongoing trade tensions largely stem from the inability of both sides to reach a common ground on several issues….reports Asian Lite News External Affairs Minister S. Jaishankar on

Rajnath Singh Heads to Australia for Key Defence Talks

The visit comes at a historic moment when India and Australia commemorate five years of establishment of India-Australia Comprehensive Strategic Partnership…reports Asian Lite News Defence Minister Rajnath Singh will visit Australia from
Go toTop

Don't Miss

Iran, Oman bolster space cooperation

The two sides agreed to begin cooperation in the fields

Iranians celebrate Nature’s Day outdoors as pandemic restrictions ease

Iranians gathered in the wilderness and greenery with friends and