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The zone was formally partitioned between Saudi Arabia and Kuwait in 1970.
Read More »Saudi Arabia and Kuwait Close to Neutral Zone Oil Deal
Kuwait Opposes Sanctions Against Iran
The differences between the countries in the region would be resolved. noting that there are positive signs of the possibility of bilateral talks between Tehran and Washington.
Read More »Kuwait will Cut Oil Targets over Climate Concerns
Kuwait is currently the fourth-largest oil producer in OPEC.
Read More »Kuwait Expects Neutral Zone Oil Pact with Saudis
The neutral zone. which has been shuttered for at least four years. can produce as much as 500.000 barrels a day.
Read More »The Oil Market Is Expected to be in Balance towards the End of 2019
There is great anxiety in the market today mainly related to supply concerns.
Read More »OPEC Decision to be Made After Reviewing Oil Prices
OPEC is set to meet on June 25 in Vienna to discuss extending the agreement to cut output by 1.2 million b d beyond the end of June.
Read More »Oil Prices are Good for Producers. Consumers
Consumer countries see that a price between $60-70 is a good price for everyone.
Read More »Iraq. Kuwait to Study the Development of Shared Oil Fields
For years. Iraq and Kuwait have been discussing ways to develop and share the cross-border oil fields.
Read More »Kuwait. Iraq Chose Consultant to Assess Oil Reserves in Border Areas
Kuwait and Iraq have chosen a consultant to assess areas with oil reserves on the border between the two countries.
Read More »Iran emphasizing importance of expanding business-economic relations with Kuwait
Al-Nahar emphasized the importance of expanding trade and economic relations between the two neighboring countries.
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