Just a day after Kuwait insisted that Iran has no right over a maritime field in a divided area, Saudi Arabia asserted their “exclusive” right over the field.
Citing the foreign ministry, Saudi state news agency SPA said on Tuesday that the kingdom enjoys “full rights” along with Kuwait to the disputed gas and oil field in the resource-rich Persian Gulf, a declaration that came after Tehran said it was preparing to start drilling.
Called Arash in Iran and Durra or Dorra by Saudi Arabia and Kuwait -- the offshore field was discovered in 1967 and is estimated to have a total proven reserves of around 310 million barrels of oil and 20 trillion cubic feet of gas.
Iran claims any development without its consent breaks international laws, 40 percent of the field located in its territorial waters. However, Saudi Aramco Gulf Operations Company signed a Memorandum of Understanding in December with Kuwait Gulf Oil Company (KGOC) to develop the joint gas field, leaving Iran out of the project. Outraged by the snub, Iran said it has a stake in the field and called the Saudi-Kuwaiti agreement "illegal".
Both Saudi Arabia and Kuwait also renewed their call on Iran to start negotiations on the demarcation of the disputed area with the two Arab countries as one negotiating party.
On Monday, Kuwait’s foreign ministry issued a statement echoing Saudi's claims. Also calling on Tehran to start negotiations, Kuwaiti Oil Minister Saad Al-Barrak said: “We categorically and totally reject Iran’s planned activities around the premises of the Durra offshore gas field."
Last week, Saudi Arabian Oil Company and TotalEnergies signed an $11 billion contract to build a petrochemicals complex near the offshore field.
Source: Iran International