14-10-2010
Kuwait and Baghdad are putting the final touches on the exploitation of "oil fields"
الكويت/ اور نيوز Kuwait / Orr News
Ended the Kuwaiti and Iraqi sides of the finishing touches to the Convention on the exploitation of oil fields in common between them, through third-party authority to develop a global business fields for the benefit of the two countries.
The statement quoted the UAE informed sources as saying: that the failure to declare the final date of the signing of the agreement that was talked about for more than three years due to the delay in forming the Iraqi government, noting that the Kuwaiti side expressed understanding of the Iraqi position at the request of the latter.
It showed that item the President in the new Convention lies in the selection of international oil companies to drill in those fields for the benefit of the two countries, in addition to limiting the stock of the fields of oil and gas and the share of each party, pointing out that the ceremony of signing the agreement and adoption will be in the presence of the Organization of Petroleum Exporting Countries.
The sources pointed out that a new agreement to work on to avoid any allegations of future exploitation of any of the two common fields unlawfully, adding that "Kuwait and Baghdad, working for some time to activate the Convention relating to the fields, joint oil, in a move also aimed at solving the problem of the border and some of the farms border between the two countries.
Kuwait and Baghdad are putting the final touches on the exploitation of "oil fields"
الكويت/ اور نيوز Kuwait / Orr News
Ended the Kuwaiti and Iraqi sides of the finishing touches to the Convention on the exploitation of oil fields in common between them, through third-party authority to develop a global business fields for the benefit of the two countries.
The statement quoted the UAE informed sources as saying: that the failure to declare the final date of the signing of the agreement that was talked about for more than three years due to the delay in forming the Iraqi government, noting that the Kuwaiti side expressed understanding of the Iraqi position at the request of the latter.
It showed that item the President in the new Convention lies in the selection of international oil companies to drill in those fields for the benefit of the two countries, in addition to limiting the stock of the fields of oil and gas and the share of each party, pointing out that the ceremony of signing the agreement and adoption will be in the presence of the Organization of Petroleum Exporting Countries.
The sources pointed out that a new agreement to work on to avoid any allegations of future exploitation of any of the two common fields unlawfully, adding that "Kuwait and Baghdad, working for some time to activate the Convention relating to the fields, joint oil, in a move also aimed at solving the problem of the border and some of the farms border between the two countries.
