The acquisition of more than 60% of the Eridu field distances the West from this new discovery, which is estimated to contain between 7 and 10 billion barrels of oil
Last April, the country announced a unilateral voluntary cut in the framework of OPEC of another million barrels per day, which will be extended until the end of December 2023
The increase in Iranian oil production is causing concern among OPEC member countries, particularly Saudi Arabia, which has been pursuing a policy of cutting production in order to control prices for some time
The foreign ministers of Kuwait and Iran met on the sidelines of the interministerial meeting of the Non-Aligned Movement to step up dialogue on maritime tensions and the exploitation of gas fields in the Persian Gulf