Iran Renews Ultimatum To Kuwait Over Oil Field Rights
Iran has reiterated its ultimatum to Kuwait concerning the disputed Arash gas field.
Iran has reiterated its ultimatum to Kuwait concerning the disputed Arash gas field.
Iran's vice president for legal affairs, Mohammad Dehghan, emphasized Iran's position, stating, "We will not grant unilateral extraction rights without considering our country's interests to any country."
He stated, "Under no circumstances will the Islamic Republic of Iran retreat from its 'acquired right' in the Arash gas field."
The Arash field, also known as Durra or Dorra by Saudi Arabia and Kuwait, has become a focal point of contention. In 2022, a Kuwaiti-Saudi Arabian development agreement concerning the field drew criticism from Iran, which claims a stake in it. Durra is estimated to hold around 20 trillion cubic feet in proven reserves.
Discovered in 1967, the offshore field boasts substantial reserves, including approximately 310 million barrels of oil and significant gas reserves.
Saudi Arabia and Kuwait's recent statements regarding the energy reserve field have intensified tensions, with demands for Iran to demarcate its maritime borders in the region.
In 2001, Iran deployed drilling equipment into the field, leading Kuwait to file complaints with international organizations. Subsequently, Iran halted its preparations for exploitation, and Kuwait also put on hold its plans in the region with Saudi Arabia.
Iran's access to international companies for the development of its oil and gas fields has been hampered by sanctions over its nuclear program. As a result, Iran has turned to allies like Russia to advance its oil field projects. China remains its biggest customer.
