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Saudi Arabia is expecting an agreement this year on the resumption of oil production from the region divided with Kuwait, said Wednesday the Saudi Minister of Energy, Khalid al-Falih.
"We hope to solve this problem in 2019," he said in response to a question about the likely date of an agreement between Saudi Arabia and Kuwait, according to the Kuwaiti newspaper Al-Qabas.
"I am confident," he said, citing the possibility of reaching a settlement in 2019.
The minister met on Tuesday with Kuwaiti emir Sheikh Sabah al-Ahmad al-Jaber al-Sabah.
The resumption of oilfield production in the divided region could add up to 500,000 barrels a day to Saudi and Kuwaiti production.
The Saudi-Kuwaiti divided area of 5,770 square kilometers located on the Saudi-Kuwaiti border was not defined when the border was demarcated by the "Aqeer" treaty on December 2, 1922.
Kuwait has close ties with Saudi Arabia, but has a "temporary dispute", according to the Kuwaiti Minister of Petroleum about the dispute over the region.
The area of this area is approximately 5770 square kilometers and the dividing line begins north of Khafji City and continues straight to the west.
In 1922, Saudi Arabia and Kuwait claimed the right of dependence on the border area that extends along the desert region of the Gulf, but the situation remained stuck for many years, resulting in the production of oil from the Al Khafji and Al-Wafra fields. "Where they are located.
The visit of the Crown Prince, Crown Prince Mohammed bin Salman, to Kuwait recently to discuss this issue, but came back unresolved, a Kuwaiti leadership team refusing to resume oil production before being recognized as a zone of sovereignty of Kuwait, according to the prince in an interview with the agency "Bloomberg" "The American.
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