TEHRAN: Iran on Saturday branded “illegal” a deal reached between Kuwait and Saudi Arabia to develop a disputed gas field in the Gulf, insisting on its right to also exploit it.

The energy ministers of the Gulf Arab states signed an agreement on Monday to develop the Arash/Dorra gas field, according to an official Kuwaiti statement.

The move comes with energy prices soaring on world markets in the wake of Russia’s invasion of Ukraine.

Iran’s foreign ministry dismissed the agreement as “illegal” on Saturday, saying it was “contrary to current procedures and previously held negotiations”.

“The Islamic Republic of Iran reserves its right to exploit the Arash/Dorra gas field,” the ministry’s spokesman Saeed Khatibzadeh said in a statement.

“Any action for the operation and development of this field must be done in coordination with and cooperation of all the three countries.” The dispute dates back to the 1960s, when Iran and Kuwait each awarded an offshore concession, one to the former Anglo-Iranian Petroleum Co, which became part of BP, and one to Royal Dutch Shell.

Published in Dawn, March 27th, 2022

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Editorial

Updated 04 Aug, 2026

Swat bombing

IT is a bitter irony that terrorists struck a protest against violence in Swat on Sunday, causing at least 17...
04 Aug, 2026

Tariff blow

FOR an export sector already squeezed by high production costs, the additional 10pc tariff on top of the existing...
04 Aug, 2026

Perilous peaks

THE deaths of 10 climbers in an avalanche on Broad Peak is a sad reminder of the perils that many mountaineers face...
Updated 03 Aug, 2026

Farewell to arms?

PALESTINIAN resistance group Hamas recently made a major concession by agreeing to give up its weapons. It should be...
03 Aug, 2026

Unplanned future

A PROJECTION that Pakistan’s population could reach 400m by 2040 should not be treated as another dramatic number...
03 Aug, 2026

No more torture

EVEN the best laws on the books are worth little unless the state shows the willingness to enforce them. This is...