Middle East Economic Survey


No 12



Kuwait/Iran Clear Way For 3mn CFD Gas Import Deal

Kuwait and Iran on 15 March signed a protocol framework agreement under which the former would import an average of 3mn cu ft/day of Iranian natural gas for a period of 25 years, beginning in late 2007. The two sides hope to sign a final agreement on the deal within six months. The preliminary accord was signed in Isfahan on the sidelines of the OPEC ministerial conference by Kuwaits...