Deal with Kuwait on neutral zone likely this year: Al-Falih

21/02/2019 Argaam

 

Saudi Arabia expects to reach an agreement this year to resume oil output from the neutral zone it shares with Kuwait, Reuters reported, citing Energy Minister Khalid Al-Falih.

         

“We hope in 2019 it will be resolved and I am confident,” he noted.

 

The energy minister had met with Kuwait's Emir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah on Tuesday.

 

Resuming production from the neutral zone’s oilfields could add up to 500,000 barrels per day each to the oil output of Saudi Arabia and Kuwait, the report said.

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