Kuwait, Iraq to study developing shared oilfields: Rashidi | Reuters

Kuwait, Iraq to study developing shared oilfields: Rashidi | Reuters:

Kuwait and Iraq will appoint consultants soon to study the development of shared oilfields, Kuwaiti Oil Minister Bakhit al-Rashidi said on Wednesday. 


Production from cross-border oilfields has long been a source of tension between the two OPEC nations. 


In the build-up to Iraq’s 1990 invasion of Kuwait, Baghdad accused Kuwait of drilling wells that crossed the border and pumped oil from Iraqi territory. Kuwait denied the charge.