Saudi Ministry of Education to showcase innovations at 2025 Geneva International Exhibition    7,523 violators of residency, labor, and border security laws deported in a week    Video contradicts Israeli army account of deadly March 23 strike on Gaza paramedics    Saudi Arabia spends over $241 million to implement de-mining projects in 3 countries    Italy's Meloni government approves controversial security decree expanding police protections and penalties    Egypt submits new Gaza ceasefire and prisoner exchange proposal: Report    'Everything is possible' — Ronaldo focused on titles, not 1,000-goal milestone after Riyadh Derby win    Saudi, US military leaders discuss enhanced defense cooperation in Riyadh    King Salman Global Academy for Arabic Language launches program with Indiana University    Ronaldo brace powers Al Nassr past Al Hilal in Riyadh derby thriller    Ed Sheeran weaves Persian music into new song, Azizam    Al-Jadaan: Crown Prince's directives confirm government's ability to bring back balance to real estate market    Veteran Bollywood actor Manoj Kumar dies at 87    Foreign investors are allowed to engage in real estate business outside Makkah and Madinah Commercial speculation should not be the purpose of real estate transaction    Aubameyang fires Al Qadsiah into King's Cup final with stoppage-time winner over Al Raed    Musk's X is suing India, as Tesla and Starlink plan entry    Tesla sales plunge after backlash against Elon Musk    Danilo Pereira fires Al Ittihad into King's Cup final with dramatic stoppage-time double    Screen time in bed linked to insomnia, study finds    Mexico bans junk food in schools to fight childhood obesity epidemic    Sweet sales surge ahead of Eid as Saudi chocolate imports top 123 million kg in 2024    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Kuwait in talks to import Iran gas
Published in The Saudi Gazette on 17 - 07 - 2008

Kuwait is in advanced talks with Iran to import gas to help meet spiraling domestic demand, a Kuwaiti newspaper said on Wednesday.
Kuwait's Oil Minister Mohammad Al-Olaim held talks with Iranian Deputy Foreign Minister Alireza Sheikh-Attar on Monday to discuss gas import prices, Al-Rai reported in an unsourced report.
The newspaper gave no more details.
Daily Al-Qabas said Olaim had asked a committee to specify the amount of gas Kuwait wants to import through an underwater pipeline from Iran, and added Iran was willing to cooperate.
“The committee will meet with the Iranian side in the next days to discuss the project details and determine the yearly amount to be imported,” Qabas quoted an unspecified source as saying.
Kuwait has said it was considering importing gas from Iran and Iraq to help meet rising demand from power plants and industry. It is also negotiating to import gas from Qatar.
Record oil export income is fuelling an economic boom across the Gulf, pushing up energy needs. Despite sitting on huge gas reserves, the world's largest oil exporting region is short of gas supplies to feed its own growth.
Kuwait began output from some northern gas fields not associated with oil production in June, a six-month delay from the planned start up. It aims to boost gas output from the fields to a billion cubic feet per day by 2015. In March 2006, Kuwait said it had found an estimated 35 trillion cubic feet of non-associated gas along with large amounts of condensates in its north.
Kuwait is the world's seventh-largest oil exporter.
Separately, Iran is to resume talks with Kuwait to solve a maritime border dispute blocking the development of the Dorra gas field, Sheikh-Attar told Qabas.
“It has been decided to resume negotiations again,” he told the paper, adding both countries want the joint committee to finalize a decision soon.
The offshore Dorra field, also shared by Saudi Arabia, has been a bone of contention between Tehran and Kuwait since the 1960s.
Iran's Foreign Minister Manouchehr Mottaki said in November during a visit to Kuwait that Iran hoped that the dispute will be resolved by the year's end.
State-owned Kuwait Petroleum Corporation called in July 2007 for the rapid development of the Dorra field as the Gulf Arab state struggles to meet demand for gas from power stations.
KPC said then that a treaty with Saudi Arabia should be implemented quickly to accelerate development of the field. Tehran has in the past objected to reports that Kuwait and Saudi Arabia were discussing joint development of Dorra. The field lies on the Gulf continental shelf between OPEC producers Kuwait, Saudi Arabia and Iran. Riyadh and Kuwait reached a deal on their part of the maritime border in 2000.


Clic here to read the story from its source.