Kuwait: We are currently studying with Iraq the development of joint oil fields
Kuwait: We are currently studying with Iraq the development of joint oil fields
Kuwait and Iraq will soon appoint a consultant to study the development of joint oilfields, Kuwaiti Oil Minister Bukhit al-Rashidi said on Wednesday .
The minister told reporters during a tour of the Doha Eastern Electricity Station that Kuwait and Iraq had identified four advisers currently, and would choose one of them to study the joint oil fields project .
He added that Kuwait expects an agreement with Iraq on the import of gas and joint oil fields before the end of this year .
Al-Rashidi predicted that the market would remain "stable" from now until the end of the year .
He said the meeting of the OPEC ministerial oversight committee and independent producers to be held in Algeria in September would review production figures from the organization and beyond .
He pointed out that it will be agreed before the end of the year on a mechanism to follow up production next year.