Officials said Iran has sought to cooperate with Kuwait to operate the
offshore Arash gas field in the Gulf.
They said the two countries have
resolved a border dispute that could enable the development of Arash.
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"The executive operation of the Arash field will start by Iran this year
and it will come on stream by the end of the year or the beginning of next
year," Iranian Offshore Oil Co. managing director Mahmoud Zirakchian Zadeh
said on April 26. "With the mutual cooperation of Iran and Kuwait, we can
lower the costs."
Officials said Arash could contain at least five more gas and crude oil
fields. They said the fields could be explored quickly.