In recent developments, the Saudi Foreign Ministry has confirmed that the Durra offshore field, located in a divided area, is fully owned by Saudi Arabia and Kuwait. This joint ownership grants exclusive sovereign rights to both nations for utilizing the resources in this region. The ministry source emphasized the importance of engaging in negotiations with Iran, urging them to collaborate with Saudi Arabia and Kuwait as a single entity to demarcate the eastern border of the divided offshore area in accordance with international law.
The Durra offshore field holds immense potential for Saudi Arabia and Kuwait, and the joint ownership signifies a strategic partnership between the two countries. By exclusively owning this natural resource, Saudi Arabia and Kuwait can work together to maximize its benefits, ensuring sustainable development and economic growth.
Negotiations regarding the demarcation of the eastern border are of paramount importance. By adhering to international law, Saudi Arabia, Kuwait, and Iran can establish clear boundaries and resolve any potential disputes in a peaceful and mutually beneficial manner. It is crucial for all parties involved to engage in constructive dialogue to achieve a fair and equitable resolution.
The Saudi Foreign Ministry's affirmation regarding the exclusive ownership of the Durra offshore field highlights the commitment of Saudi Arabia and Kuwait to responsibly manage and harness the potential of this shared resource. It also emphasizes the significance of regional cooperation and diplomacy in promoting stability and prosperity.
As discussions progress, the involvement of international organizations and legal frameworks will play a vital role in ensuring transparency, accountability, and adherence to established regulations. This approach will provide a solid foundation for sustainable resource management and foster confidence among all stakeholders.
Saudi Arabia and Kuwait's joint ownership of the Durra offshore field represents a testament to their shared vision and common interests. By collaborating closely and engaging in constructive dialogue, both countries can unlock the full potential of this valuable natural resource, driving economic growth and contributing to the prosperity of their nations and the region as a whole.
