23 Nov 2024
Wednesday 1 May 2024 - 19:52
Story Code : 420803
Source : Mehr News

Tehran reacts to Kuwait claims about Arash oil field

The Iran Project : The Iranian Foreign Ministry Spokesman Nasser Kanaani reacted to Kuwait's claim about the Arash oil field made in the final statement of the Emir of Kuwait's visit to Egypt.
Iranian Foreign Ministry Spokesman Nasser Kanaani
Iranian Foreign Ministry Spokesman Nasser Kanaani
According to The Iran Project,Emphasizing the right of the Islamic Republic of Iran in the Arash Oil field based on historical rights and previous negotiations, Kan'ani noted, "As before, we invite the Kuwaiti side to reach a lasting agreement based on friendly cooperation and common interests."

This was in reaction to a joint statement by Kuwait and Jordan following a meeting between their leaders, which underscored the gas field, Durra as they call it, is situated within the Kuwaiti territorial waters, with all its resources belonging to Kuwait and Saudi Arabia.

Issuing repeated statements and making unilateral claims will not create any rights for the Kuwaiti government from a legal point of view, he said.

"We recommend the authorities of this country to refrain from resorting to fruitless political and media methods regarding the issue of Arash oil field, noted.

The Islamic Republic of Iran has always monitored regional interactions, calling on governments to take steps towards the objective realization of the principle of good faith and the promotion of relations and cooperation.

The dispute over the Arash gas field dates back to the 1960s when Iran and Kuwait were awarded overlapping offshore concessions for the field following its discovery.

The dispute has undergone several rounds of assertions and rebuttals by the involved parties, becoming a friction point among the three neighboring states of the Persian Gulf.

Iran says dialogue is the fundamental means to resolve the dispute.

The Arash gas field is estimated to contain reserves of 20 trillion cubic feet of gas, potentially yielding a daily output of one billion cubic feet. Some studies show approximately 40% of the field lies within Iranian maritime boundaries.
Reporter : Editorial of The Iran Project
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