A deal reached between Kuwait and Saudi Arabia to develop a disputed gas field in the Gulf was termed “illegal” by Iran.
- The energy ministers of the Gulf Arab states signed an agreement on March 21 to develop the Arash/Dorra gas field.
- As per Iran, the Arash/Al-Durra gas field is a joint field between Iran, Kuwait and Saudi Arabia and parts of it are located in areas between Iran and Kuwait whose water boundaries have not been defined. So Iran also reserves the right to exploit the gas field.
- According to the contract, the joint gas field — called Arash in Iran and Durra by the Arab countries — is expected to produce one billion standard cubic feet per day of gas and 84,000 barrels per day of condensates.
- The offshore field was discovered in 1967 and is estimated to have a total proven reserves of around 20 trillion cubic feet of gas.
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