Iran will pursue its rights over the Durra/Arash field if other parties shun cooperation, the country's Oil Minister Javad Owji said on Sunday, according to the Oil Ministry's SHANA news agency.
"If there is no willingness to cooperate, Iran will pursue its rights and benefits, including the exploitation and exploration of the Arash gas field, and will not tolerate any violation of its rights," Owji said.
Kuwait oil minister Saad Al Barrak told SkyNews Arabia on Thursday that his country will start drilling and begin production at the Durra gas field without waiting for border demarcation with Iran.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil pulls back, but heads for 5th straight weekly gainOil futures pull back Friday, but are on track for a fifth straight weekly gain as fears of a global economic slowdown fade and supply cuts take effect.
Read more »
ExxonMobil earnings fell on sinking oil prices | CNN BusinessExxonMobil’s profit fell sharply in the second quarter on lower oil and natural gas prices, leaving earnings below Wall Street forecasts.
Read more »
Sweden leader says 'clear risk' of retaliatory terror attacks as Iran issues threats over Quran desecrationIslam's holy book has been desecrated at two very small protests in Stockholm, leaving Sweden torn between free expression and security concerns.
Read more »
Bipartisan bill seeks to reinstate tax break Biden nixed for drilling oil wellsNew legislation with bipartisan buy-in in Congress would restore tax breaks that were canceled by President Biden’s tax-and-climate spending law that critics say unfairly punished Big Oil.
Read more »
Shell’s Investments in Oil and Gas Projects May Increase by 10 Percent This YearOil giant Shell is poised to ramp up its investments in planet-warming fossil fuels after ditching its plan to cut oil production.
Read more »
Crude Oil Forecast: Markets Rally as Breakout LoomsCrude oil markets experienced a notable rally during Thursday\u0027s trading session, hinting at a potential breakout.
Read more »