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Kuwait seeks arbitration in oil row with Saudi: report

Talks between Kuwait and neighbour Saudi Arabia over output from a shared oilfield has stalledKuwait has requested arbitration in a dispute with Saudi Arabia over shared oil production from the neutral zone between the Gulf neighbours which has completely halted, a newspaper reported Tuesday. It said that Kuwait has now requested international arbitration but that the terms of the treaty stipulate that can only happen with Saudi Arabia’s agreement. The dispute has seen production from the zone completely halted in a blow to Kuwait, which, unlike its much larger neighbour, has little spare output capacity to compensate. Industry sources say Kuwaiti authorities were unhappy with Saudi Arabia for renewing an agreement with Saudi Arabian Chevron for 30 years in 2009 without consulting them.

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