The discovery is considered very significant, given a positive impact on the status of both countries, the governments of the two countries are notes.
Wafra joint operations have opened a new oil field in the neutral zone between Saudi Arabia and Kuwait. The deposit was discovered in the northern vafra vara-burgugan, 5 km north of the Vafra deposit. It was reported by the Saudi News Agency Spa, which refers to the governments of the two countries.
“This is the first discovery from the moment of continuation of production operations in the neutral zone and the adherent marine zone in the middle of 2020. The opening is considered very important, given a positive impact on the status of both countries as reliable energy suppliers in the world and their resonaissance and sectors of Brey,” the report said.
The neutral zone, the area of which exceeds 5.7 thousand square squares, was created as part of the agreement between Kuwait and Saudi Arabia in 1922.
In 1970, countries came to divide this zone by connecting it half to their territories when using wafra and khafji oil resources.
Conflicts between Saudi Arabia and Kuwait in 2014-2015 led to the complete suspension of oil manufacture in this territory, which almost 0.5% of global oil manufacture could be produced.
In addition to the wafra deposit (maximum performance of 220 thousand barrels per day) in the neutral zone in the joint operation is the Khafji deposit with a capacity of 280-300 thousand b/s. The production of oil in joint fields was discontinued in July 2020.
Remember that according to April’s results, Russia gained 13.2 billion dollars in exporting raw oil and oil products. This is the lowest indicator in almost two years.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.