Kuwait is set to begin importing up to 200 million cubic feet of gas daily from neighbouring Iraq, oil ministers from the two Arab nations said after talks on today.
Cited by Kuwait News Agency KUNA, Iraqi Oil Minister Jabbar al-Luaibi said the project “will see the light very soon”.
Kuwaiti Oil Minister Essam al-Marzouk said the quantities have been agreed and the start date will be determined after technical committees fix prices and shipping methods.
Marzouk said an initial 50 million cubic feet daily will rise gradually to 200 million cubic feet a day.
OPEC member Kuwait is rich in crude oil but poor in gas resources, and has imported gas for years during the summer months to meet demand. Read more
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