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Iran to Safeguard Its Rights in Arash Gas Field: Oil Minister

  • July, 31, 2023 - 09:54
  • Economy news
Iran to Safeguard Its Rights in Arash Gas Field: Oil Minister

TEHRAN (Tasnim) – Iran’s oil minister on Sunday said his country will safeguard its rights in the Arash Gas Field in the Persian Gulf if other parties show no willingness to cooperate.

Economy

Speaking on the sidelines of a meeting on joint oil and gas fields, Javad Owji said that Iran will pursue its rights and interests, including the exploitation and exploration of the Arash Gas Field, and will not tolerate any breach of its rights on the field.

The oil minister went on to say that the Islamic Republic always supports the friendly settlement of border and maritime issues with the neighboring states, SHANA reported.

“Regarding the exploitation of shared oil and gas fields, we have always sought to hold negotiations and reach an understanding with neighbors, and Iran also seeks the integrated and joint exploitation of the Arash field,” Owji emphasized. 

He, however, reiterated, “If there is no willingness (on behalf of other sides) to reach an understanding and cooperate, Iran will safeguard its rights and interests, will put the exploitation and exploration of the aforementioned resources on the agenda, and will not tolerate any violation of its rights.”

The Arash Gas Field is located at the common maritime border of Iran and Kuwait and shared by Iran, Kuwait, and Saudi Arabia.

 
R1651/P42410
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