23 Apr 2024
Monday 24 August 2015 - 17:21
Story Code : 177425

‘Kuwait summons Iran envoy over gas field’

Kuwait has summoned Iran’s charge d’affaires over Tehran’s alleged plans to tender development of an offshore gas field in the Persian Gulf, media reports say.

Kuwait’s Foreign Ministry summoned Hassan Zarnegar-Abarqu’ee to submit a protest letter after allegations that Iran had put the Arash field among a number of oil and gas projects up for development after the removal of sanctions.

Iran’s Fars news agency, citing Al Jarida newspaper, said the field which Kuwait calls Dorra is the subject of ongoing negotiations among Iran, Kuwait and Saudi Arabia.

The shared field is estimated to hold one trillion cubic feet of gas along with 310 million barrels of oil.

There is also a dispute between Saudi Arabia and Kuwait over Dorra. In 2013, the two countries shelved a project to jointly develop the field amid disagreement on how to share the produced gas.

In 2012, Iran pledged to begin unilateral work on the field after Kuwait did not respond to its joint development offer.

Tehran has said its policy on shared oil and gas fields is based on partnership instead of confrontation.

Energy officials say Iran has identified nearly 50 oil and gas projects worth $185 billion which it plans to put to tender for development.

The field will be introduced when Iran unveils new oil and gas contracts at a London conference planned for December.

New contracts will be signed under the Iran Petroleum Contract (IPC) model which is more attractive to foreign investors, Minister of Petroleum Bijan Zangeneh has said.

By Press TV
https://theiranproject.com/vdcf0edytw6deja.r7iw.html
Your Name
Your Email Address