Saudi Arabia, Kuwait to Resume Producing Oil from Neutral Zone

Thursday, 21st February 2019
by Editorial Team

KUWAIT – JANUARY 15: A derek pumps in a oil field January 15, 2003 near the Saudi Arabian border, Kuwait. Kuwait produces 10% of the worlds oil and has promised to increase production as needed in the event of a war in Iraq. (Photo by Joe Raedle/Getty Images)

Saudi Arabia and Kuwait are expected to agree on resuming oil production from the neutral zone during 2019, according to Saudi Arabia’s energy minister Khalid al-Falih, Zawya reported.

“We hope in 2019 it will be resolved,” Al Falih said, while answering questions about when Saudi Arabia and Kuwait could reach an agreement.

Resuming production from the Neutral Zone’s oilfields will increase the production of the two countries to 500,000 barrels per day (b/d).

The Saudi–Kuwaiti Neutral Zone is an area of 5,770 square kilometres (km2) between the borders of Saudi Arabia and Kuwait that was left undefined when the border was established.