Kuwait and Saudi Arabia on Tuesday signed agreements to divide the Neutral Zone between the two countries.
“The agreements were inked by Kuwaiti Foreign Minister Ahmad Nasser Al-Mohammad Al-Sabah and Saudi Energy Minister Abdulaziz bin Salman Al Saud,” the Kuwait News Agency reported.
Meanwhile, a Memorandum of Understanding to resume joint oil production along the border was signed by the Kuwaiti oil minister and the Saudi energy minister.
Both sides commended the deals as a landmark achievement.
The Neutral Zone is an area of 5,770 square km along the Saudi-Kuwaiti border.
The two countries suspended production of the jointly run oil fields Khafji and Wafra in the zone over four years ago, a move that cut the global daily oil supply by some 500,000 barrels or 0.5 per cent.
Xinhua/NAN
