This is a temporary backup site for TRENDS MENA while our primary website is being restored following a regional disruption affecting Amazon Web Services cloud infrastructure in the GCC.

Search Site

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Masar 2025 net profit $262m

Higher land plot sales boost revenue and operating income.

Tasnee’s 2025 losses deepen

The petrochemicals' company's revenue also fell 17.7 percent.

DP World 2025 revenue $24.4bn

The profit for the year up 32.2% to reach $1.96bn.

BYD 2025 revenue surges

The EV manufacturer reported net profit of $.3.3bn for 9M 2025.

Saudi Arabia, Kuwait reject Iran claims to disputed gas field

  • The offshore field has long been focal point of contention between Saudi Arabia, Kuwait and Iran
  • Kuwaiti and Saudi authorities said that "they alone have full sovereign rights to exploit the wealth in that area"

Riyadh, Saudi Arabia– Saudi Arabia and Kuwait said Thursday they have sole ownership of a disputed gas field also claimed by Iran, in an escalating feud after Tehran threatened to pursue exploration.

The offshore field, known as Arash in Iran and Dorra in Kuwait and Saudi Arabia, has long been focal point of contention between the three countries.

The Kuwaiti and Saudi authorities said in a joint statement published on Thursday that “they alone have full sovereign rights to exploit the wealth in that area”.

The two Arab Gulf states renewed “their previous and repeated calls to the Islamic Republic of Iran to negotiate” the demarcation of their maritime borders to settle the issue, according to the statement carried by the official Saudi Press Agency (SPA).

Iran and Kuwait have held unsuccessful talks for many years over their disputed maritime border area, which is rich in natural gas.

Recent attempts to revive negotiations have failed, and Iran’s oil minister on Sunday said Tehran may pursue work at the field even without an agreement.

“Iran will pursue its rights and interests regarding exploitation and exploration” of the field “if there is no desire for understanding and cooperation”, Iranian Oil Minister Javad Owji was quoted as saying by the official Shana news agency.

Last month, Kuwait had invited Iran for another round of maritime border talks after Tehran said it was ready to start drilling in the field.

A few weeks later, Sky News Arabia quoted Kuwait’s Oil Minister Saad Al-Barrak as saying his country would also begin “drilling and production” at the gas field without waiting for a demarcation deal with Iran.

The row over the field stretches back to the 1960s, when Iran and Kuwait each awarded an offshore concession, one to the Anglo-Iranian Oil Company, the forerunner to BP, and one to Royal Dutch Shell.

The two concessions overlapped in the northern part of the field, whose recoverable reserves are estimated at some 220 billion cubic meters (nearly eight trillion cubic feet).

Last year, Kuwait and Saudi Arabia signed an agreement to jointly develop the field, despite objections from Iran which branded the deal as “illegal”.