Kuwait, Iraq sign border-field contract

The governments of Kuwait and Iraq have signed a contract for a technical study of oil fields straddling the countries’ shared border, the official Kuwait News Agency reported.

The governments of Kuwait and Iraq have signed a contract for a technical study of oil fields straddling the countries’ shared border, the official Kuwait News Agency reported.

They commissioned ERC Equipoise Ltd., London, to assess development and investment strategies, KUNA said.

The firm will focus on Ratqa-Rumaila and Safwan-Abadali fields.

Talal Nasser Al-Sabah, acting undersecretary of the Kuwaiti Ministry of Oil, told KUNA the agreement came at the behest of Amir Sabah Al-Ahmad Al-Jaber Al-Sabah, who has instructed officials to seek areas of cooperation with Iraq.

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