Iran Starts Drilling At Oil Field Shared With Saudi Arabia
Iran will soon begin the development of the Esfandiar oil field, which it shares with Saudi Arabia, which calls it Lulu
Stay updated with breaking news from Esfandiar. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Iran will soon begin the development of the Esfandiar oil field, which it shares with Saudi Arabia, which calls it Lulu
TEHRAN (Tasnim) – An Iranian official unveiled plans for the development of an oilfield that straddles the maritime border with Saudi Arabia in the Persian Gulf within the next three years.
The Esfandiar oil field, which Iran plans to drill and explore, is connected to Saudi Arabia's Umm Lulu oil field.
Iran’s Oil Ministry official says an oilfield shared with Saudi Arabia will come on-stream in three years.
Iran is moving swiftly to protect its interests after Kuwait and Saudi Arabia agreed a deal to develop a contested gas field in the Gulf. [Gas in Transition, Volume 2, Issue 4]