The Al Durra gasfield’s natural resources are entirely owned by Saudi Arabia and Kuwait, according to a statement from the Saudi Foreign Ministry. The nations “alone have full sovereign rights to exploit the wealth in that area,” according to the statement.
They reiterated their calls for Iran to discuss the region’s eastern border. In the past, Iran asserted ownership of the field and denounced the Saudi-Kuwaiti deal to exploit it as “illegal”.
Following Tehran’s announcement that it was prepared to examine the area, Saudi Arabia made its remark.
The National Iranian Oil Company’s managing director, Mohsen Khojasteh-Mehr, stated last month that “all preparation has been made to begin drilling in the joint Arash oilfield. The implementation of the development plan for this field has received a lot of funding. Saad Al Barrak, the oil minister of Kuwait, has stated that he opposes Iran’s proposed actions in the region. “We categorically and totally reject Iran’s planned activities around the premises of the Al Durra offshore gasfield,” he declared.
The joint permanent committee between Kuwait and Saudi Arabia stated in July that it was keeping an eye on the development of oil projects in the region and wanted to remove any “impediments”.
Sheikh Nimr Al Sabah, undersecretary of the Kuwaiti Oil Ministry, stated that the committee was working to “develop and exploit” the natural resources “to meet the growth of domestic demand”.
In Tehran this year, Kuwait and Iran had discussions about the necessity of resolving the matter in accordance with international law.
Between Kuwait and the Eastern Province of the country is the submerged Al Durra gasfield.
In the 1960s, as the maritime borders between Saudi Arabia and Kuwait were being drawn, an oilfield was discovered.
2019 saw the signing of an agreement between Kuwait and Saudi Arabia that divided oil production in the neutral zones between the two nations. In 2022, both nations agreed to make investments in the Al Durra gasfield.