Iraq/Kuwait: Kuwait Signs Two Memos with Iraq on Oil, Gas

Mar 30, 2015 | Kuwait News Agency
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Kuwait and Iraq have signed two memorandums of understanding regarding oil fields on their shared border and the possibility of Kuwait importing natural gas from Iraq, an official spokesperson for Kuwait Petroleum Corp. (KPC) said on Monday.

In a press statement, Sheikh Talal Al-Khaled Al-Ahmad Al-Sabah, Managing Director of Petroleum Services for state-owned KPC, said the two memos were the fruits of talks between both Kuwaiti and Iraqi officials yesterday and today.

The Kuwaiti side to the talks that led to the signing of the memos was headed by Acting Undersecretary of the Ministry of Oil Ali Sabt Bin Ali and the Iraqi side by Iraqi Oil Ministry senior official Fayyadh Hassan Nema, said the statement.