SAWT BEIRUT INTERNATIONAL

| 16 April 2024, Tuesday |

Saudi Arabia, Kuwait seek to expedite oil projects in divided areas

The Kuwaiti-Saudi Permanent Joint Committee discussed on Sunday expediting the implementation of oil projects in the divided region.

The Undersecretary of the Kuwaiti Ministry of Oil, Sheikh Nimr Al-Sabah, said, in a press statement, that the meeting of the committee came at a very important time to follow up and evaluate works in the joint operations area, including Wafra and Khafji.

He added that the committee stressed the importance of completing and implementing the terms of the memorandum of understanding signed between the two countries in 2019, overcoming challenges facing oil projects, and working to develop and exploit the natural resources in the divided region, as well as meetimg the growth of domestic demand.

Al-Sabah said the committee reviewed a study pertaining to special corridor for joint operations (Khafji and Wafra), through the Nuwaiseeb and Khafji ports, including the related engineering plans.

He stressed that the study took into account the future vision and joint operation plans, as well as the operational requirements, noting that the project would allow workers and equipment to move easily and smoothly through the border crossings.

The Kuwaiti-Saudi Permanent Joint Committee was established in accordance with the agreement dividing the neutral zone, signed between the two sides in 1965. It reports directly to the oil and energy ministers of the two countries.

The committee works to ensure the continuation of efforts to properly exploit the shared natural resources, conduct the related studies, and review new licenses, contracts and concessions in the divided area.

    Source:
  • Asharq Al-Awsat