Kuwait Could Agree in Days With Saudis on Neutral-Zone Oil
- Disputes halted Wafra, Khafji oil fields in shared border zone
- Possible accord by year-end to resume pumping: Kuwait minister
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Kuwait and Saudi Arabia could reach an agreement by the end of this year to renew oil output in the shared neutral zone along their border, Kuwaiti Oil Minister Khaled Al-Fadhel said.
The neutral zone, which has been shuttered for more than four years, can produce as much as 500,000 barrels a day. The zone’s Wafra and Khafji fields stopped pumping due to disputes between the two countries.