Oil production the neutral zone between Saudi Arabia and Kuwait has stopped until the parties reach an agreement, Kuwaiti state news agency KUNA reported on Tuesday, citing Kuwait’s Oil Minister Bakheet Al-Rashidi. The production halt was due to technical issues and reasons, Al-Rashidi told the Kuwaiti Parliament on Tuesday. “I would like to stress that there is no production in the Neutral Zone, neither from Kuwait nor from Saudi Arabia,” Reuters quoted Al-Rashidi as saying. “We are working with the Saudi side to resolve the technical issues and we will soon be able to restart production by both sides,” the minister noted. The so-called Partitioned Neutral Zone (PNZ) was established between Saudi Arabia and Kuwait in 1922 to settle a territorial dispute between the two countries. According to estimates by the EIA and the Oil and Gas Journal, the 6,200-square-mile area holds 5 billion barrels of oil and 1 […]