Wednesday, 19 September 2012 19:14
DUBAI/KHOBAR: Development of an offshore gas field by Kuwait and Saudi Arabia has been delayed for months, due to disagreement over where to share out the gas, and the project may not start up on time unless the dispute is settled soon, a senior Kuwaiti energy executive said on Wednesday.
The Dorra gas field, lying close to the shore of the two Gulf OPEC allies, has long been a bone of contention between Kuwait and Iran which also lays claim to part of the field.
While Tehran and Kuwait are yet to agree on their maritime claims, Riyadh and Kuwait stuck a deal in 2000 and have since worked to develop the undisputed part of the field.
The plan had been to share out the gas pumped from Dorra at an offshore facility in the Gulf. But about six months ago Saudi Arabia came up with a new proposal, pressing its tiny neighbour ...