Form a Committee to organize joint oil fields between Iraq and Kuwait

2017-02-15 11:15


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Kuwaiti oil Undersecretary Talal Nasser mymona Al that a Committee between his country and Iraq to develop "best model" to organize the fields between the two countries.

The Commission by technicians from the Kuwaiti side and that of Kuwait oil company and oil Ministry, indicating that land and sea boundaries with the Republic of Iraq was demarcated in accordance with Security Council resolution 833.

Mymona Al Talal said in remarks to reporters on the sidelines of the Organization of the oil Ministry seminar over 80 years after the discovery of oil in Kuwait, oil prices holding up after the decision اوپيك to reduce production levels, which went into effect since the beginning of the year.

He noted that the high commitment of inside and outside OPEC was the main factor in the improvement in oil prices, noting that commitment in اوپيك countries exceeded the 90%, and more than 50%, expecting greater commitment in the coming months, ruled out price prior levels and access over $100 a barrel, especially if oil stocks in industrialised countries such as America and China has increased dramatically over the past periods.

He predicted that stabilizing prices between $53 and $58 a barrel, prices rising candidate with out 1.750 million barrels over markets

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