Riyadh Approves the Extension of Chevron's Concession for the Divided Zone Shared with Kuwait

摘要

The Saudi government has approved the extension of the concession held by Chevron for the onshore part of the Divided Zone shared between Saudi Arabia and Kuwait(formerly known as the Neutral Zone).The U.S.company's 60-year concession covers an area of 5,000 sq km and is due to expire in February 2009."The Cabinet has authorized the Minister of Petroleum and Minerals...to sign a draft agreement prolonging and amending the concession of Saudi Arabian Chevron(SAC)in the Divided Zone,"the Saudi Press Agency(SPA)reported,without giving further details.