Saudi Arabia and Kuwait, which share two oilfields that have not been pumping oil for five years, have authorized the restart of one of those oilfields as early as Sunday, Bloomberg News reported on Thursday, quoting an internal memo it has seen. Saudi Arabia and Kuwait have given the go-ahead to the resumption of oil production from the Wafra oilfield, which has been out of operation since May 2015, due to a dispute between the two neighboring countries. At the end of 2019, Saudi Arabia and Kuwait reached an agreement to resume oil production from the two oilfields they share in the Neutral Zone. The so-called Partitioned Neutral Zone (PNZ) was established between Saudi Arabia and Kuwait in 1922 to settle a territorial dispute between the two neighboring countries. As of 2015, the oil production capacity in the neutral zone stood at a total of 600,000 bpd, equally divided […]