New Terms To Govern Al-Khafji Joint Saudi-Kuwait Oil Field

As Saudi Arabia and Kuwait are said to have reached an initial agreement over the potential resumption of production from Al-Khafji field, which is located in the neutral zone between the two countries, more detailed have emerged about the new agreement that will govern the deal, according to local media.

A key detail of the new agreement is that production from Al-Khafji field will be less than 50% of the field’s initial production capacity, following a four-month maintenance period after the field was mothballed due to the spat between the two neighboring countries.