Discover and read the best of Twitter Threads about #NeutralZone
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Thread on the return of #oil production in the #NeutralZone between #SaudiArabia and #Kuwait
The thread discusses the impact on the oil market with some historical perspective and some technical issues
1- "Neutral Zone" Was established in 1922 between Saudi Arabia and Kuwait
The thread discusses the impact on the oil market with some historical perspective and some technical issues
1- "Neutral Zone" Was established in 1922 between Saudi Arabia and Kuwait
2- In 1922, a border agreement was reached after 6 days of intense negotiation between Abdulaziz, Sultan of Najd (later king of KSA), a British representative of Kuwait, another British representing Britain in charge of Gulf region &a representative of King Faisal of the of Iraq
3-However, they could not agree on certain areas where Bedouin tribes move back and forth seasonally. Negotiators agreed to create two shared zones: one between Saudi Arabia and Kuwait and another between Saudi Arabia and Iraq, on the hope that issues will be resolved later.
