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  • Saudi-Kuwait Neutral Zone
    Saudi Arabia, Kuwait shared zone tensions underlie oilfield closure

    Any differences between the two OPEC allies are watched closely by oil majors getting ready to return to Kuwait after years of fruitless talks and fierce political opposition to foreign firms taking a role in production in the past. Diplomatic and industry sources have told Reuters that Kuwait has been placing restrictions on the Saudi unit of U.S. oil major Chevron which operates another jointly run Neutral Zone field, Wafra, as a result of various disputes. The curbs have affected oil output from the Neutral Zone, which dates back to 1920s treaties to establish regional borders. Output capacity from the Zone has been around 600,000 bpd until last year, according to the U.S. Department of Energy.

  • Khafji Oil Field
    Saudi, Kuwait Seen Curbing Oil Output at ’Opportune Time’

    Saudi Arabia and Kuwait halted production at a jointly run oil field late this week, a move that could help ease a supply glut that has pushed global prices down 25 percent. The 300,000-barrel-a-day Khafji field, located in the neutral zone between the two countries, was being shut because of environmental concerns, a person familiar with Saudi Arabian oil policy said yesterday, who asked not to be identified because the information isn’t public. The shutdown comes as Saudi Arabia and other OPEC members face increasing pressure to scale back production while supply expands from the U.S. and other countries and demand growth slows. Asia’s oil market has become particularly flooded as the U.S. imports fewer cargoes.

  • political dissent
    Kuwait, Fighting Dissent From Within, Revokes Citizenship

    As tensions in the country have been growing, analysts said, the revocations have raised concerns that Kuwait is also taking cues from some of its more repressive neighbors in the region, including some that have won praise from the United States for joining the military campaign against the Islamic State.

  • Arabs and Israel
    Kuwaiti Official Makes Jerusalem Pilgrimage

    Sheikh Sabah's move was a rare and high-profile breaking of the longstanding Arab boycott against visiting the iconic Mosque of Omar (also known as the Dome of the Rock) and the al-Aqsa Mosque, both of which sit on top of what Arabs call al-Haram al-Sharif and Jews and Christians refer to as the Temple Mount. Known visits by prominent Arabs to the Haram al-Sharif/Temple Mount since 1967 can be counted on one hand: President Anwar Sadat of Egypt in 1977, Egyptian foreign minister Amr Mousa in 1994, and Egypt's Grand Mufti and a Jordanian prince in 2012. As recently as May of this year, former Saudi intelligence chief Prince Turki al-Faisal publicly declined an invitation to visit Jerusalem because it was under occupation -- though the offer came from his former Israeli counterpart, Amos Yadlin, with whom the prince was publicly debating regional issues, thereby breaking another Arab diplomatic convention.

  • GCC Economies
    Saudi Arabia, Kuwait ‘still too reliant on oil revenues’

    Saudi-based investment firm Alkhabeer Capital said in a report that the annual budget spending in GCC countries still continues to be driven almost entirely by income from the export of hydrocarbons although the contribution of non-hydrocarbon GDP to the overall GDP has significantly increased over the past two decades.