Saudi Prince Sees Deal With Kuwait to Restart Oil Fields ‘Soon’

  • Fields could help the kingdom boost output to offset Iran loss
  • Long-standing sovereignty issues remain unresolved for now
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Saudi Arabia’s crown prince said he’s getting close to striking a deal with Kuwait about two jointly owned fields that can produce half a million barrels a day of crude.

“We believe that we are almost close to having something with Kuwait,” Crown Prince Mohammed Bin Salman, who met with Kuwait’s Emir Sheikh Sabah Al-Ahmed Al-Sabah on Sunday, said in an interview at a royal palace in Riyadh. “We believe we can have something soon.”