Kuwait and Saudi Arabia have announced a new oil discovery in the Neutral Zone, an area where both countries share oil fields. This announcement was made through a joint statement, according to the Saudi state news agency (SPA).
This discovery is significant because it is the first one since production operations restarted in the Partitioned Zone and its nearby offshore area in mid-2020. The Partitioned Zone is a special area between Kuwait and Saudi Arabia where both countries work together to manage oil resources.
The new oil discovery marks an important milestone in the collaboration between the two countries, as they continue to explore and develop the oil fields in the Neutral Zone. This area is rich in resources and has the potential to contribute greatly to both nations’ economies.
The partnership between Kuwait and Saudi Arabia in managing these oil fields is a result of years of cooperation, and this recent discovery shows the ongoing success of their efforts. Both countries are now looking forward to further exploration and the potential benefits that this new oil find could bring in the future.
This discovery is not just about the oil itself, but also about strengthening the ties between Kuwait and Saudi Arabia, as they continue to share and develop the resources in this vital region.