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Saudi Arabia, Kuwait may resume oil output from Neutral Zone in 2019

Saudi Arabia, Kuwait may resume oil output from Neutral Zone in 2019
The Saudi–Kuwaiti Neutral Zone was left undefined when the border was established

Mubasher: Saudi Arabia is expected to reach a joint agreement with Kuwait to resume oil production from the Neutral Zone in 2019, the kingdom’s energy minister said on Wednesday.

“We hope in 2019 it will be resolved,” Reuters reported, citing Khalid Al Falih.

The energy minister met with Emir of Kuwait Sheikh Sabah Al Ahmad Al Jaber Al Sabah on Tuesday.

“Resuming production from the Neutral Zone's oilfields could add up to 500,000 barrels per day each to the oil output of Saudi Arabia and Kuwait,” Reuters said.

It is noteworthy that the Saudi–Kuwaiti Neutral Zone is located between the borders of Saudi Arabia and Kuwait and was left undefined when the border was established by the Uqair Convention of 2 December 1922.