Iran firm to secure rights over Arash gas field: Minister
Iran will pursue its rights over the Arash/Durra gas field if other parties shun cooperation, the country’s Oil Minister Javad Owji said on Sunday, according to the Oil Ministry’s Shana news agency.
“If there is no willingness to cooperate, Iran will pursue its rights and benefits, including the exploitation and exploration of the Arash gas field, and will not tolerate any violation of its rights,” Owji said, according to Reuters.
Kuwaiti Oil Minister Saad Al Barrak told SkyNews Arabia on Thursday that his country will start drilling and begin production at the gas field without waiting for border demarcation with Iran.
The Arash gas field, known as “Durra” by Kuwait and Saudi Arabia, was initially discovered by a Japanese oil company back in 1960.
This field is shared between Iran and the neutral zone situated between Kuwait and Saudi Arabia. According to the previously determined border limits, approximately 40% of the Arash field’s oil and gas reserves lie within Iranian waters.