Iraq and Kuwait intend to appoint a consultant to study the development of joint oil fields

BAGHDAD, Iraq and Kuwait intend to appoint an adviser to study the development of joint oil fields.

"The two countries have identified four consultants currently, and one of them will be selected to study the joint oil fields project," Kuwaiti Oil Minister Bakhit al-Rashidi said during a tour of Doha's Eastern Power Station.

"Kuwait expects an agreement with Iraq on importing gas and joint oil fields before the end of this year," he said.

He pointed out that "the markets will remain stable from now until the end of the year," noting that "the meeting of the ministerial monitoring committee between OPEC and independent producers scheduled to be held in Algeria in September will review the production figures from the organization and beyond."

He pointed out that "the agreement will be held before the end of the year on a mechanism to follow up production in the next year."

Source: National Iraqi News Agency