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Kuwait, Iraq Agree on Sharing of Border Oilfields

Kuwait and Iraq agreed in principle on the sharing of border oilfields to avoid any future claims by either side of “over-utilizing” the fields, Kuwait’s Oil Minister Sheikh Ahmad al-Abdullah al-Sabah said today.

“A joint committee met a week ago and they’ve agreed in principle, we’ve signed it from the Kuwait side, they’ll be signing it maybe this week or next week,” Sheikh Ahmad told reporters in parliament.