Kuwaiti oil minister Ali Al Omair on Tuesday told his country’s KUNA news agency that an initial meeting had been held by a joint committee “recently” in Riyadh.
Omair said that he anticipates a breakthrough in the talks soon.
Production at the Neutral Zone’s Khafji oilfield was put on hold by Saudi Arabia in October due to environmental concerns. Wafra operations were halted in May for two-week maintenance and have not resumed.
The fields’ combined 500,000-barrel-per-day output was split equally between the Gulf neighbours.
Details of the dispute remain unclear, but news reports say the Saudi side failed to consult Kuwaiti authorities before renewing an operating agreement with Saudi Arabian Chevron in 2009. In response, the Kuwaiti government stopped issuing and renewing crucial work visas for Chevron employees.
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
SLB OneSubsea and Subsea7 have signed a long-term strategic collaboration agreement with Equinor and begun work on two of its… Read More
Presight has acquired a 51% shareholding in AIQ, an energy-focused AI player founded by ADNOC and G42, the companies announced… Read More
UK engineering contractor Wood has been awarded a decarbonisation project by TotalEnergies to support flare gas recovery in the North… Read More
This website uses cookies.