A contract is expected to be signed with the company in coming days, a statement from the ministry said.
There are several oilfields in the border area between Iraq and Kuwait, most prominently Ratqa, which is a southern extension of Iraq’s giant Rumaila field.
The study will set out the technical and legal mechanisms to invest in oilfields shared by the two countries.
Production from cross-border oilfields has long been a source of tension between Iraq and Kuwait, which are members of the Organization of the Petroleum Exporting Countries.
In the build-up to Iraq’s 1990 invasion of Kuwait, Baghdad accused Kuwait of drilling wells that crossed the border and pumped oil from Iraqi territory. Kuwait denied the charge.
Millennium Hotel and Convention Centre Kuwait, a five-star luxury hotel located at the heart of Kuwait city, hosted the grand…760 Views | the publication reaches you by | Kuwait Online
Do you have information you want to reach our readers?
Kuwait Events and Events News