SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Foreign Affairs Discussion Group

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TimF who wrote (195915)8/8/2006 3:47:29 AM
From: DavesM  Read Replies (1) of 281500
 
It is true that Iraq claimed that Kuwait was slant drilling into Iraq. What is missed, is that part of the oil field in question, the Rumaila field, lies within Kuwait so slant drilling may not have been necessary. Further, I do not recall actual proof that Kuwait did slant drill (though it wouldn't have surprised me that Iraq allowed Kuwait to slant drill during the Iran Iraq War, as Iraq's side of the field were vulnerable to Iranian attack, and as Kuwait was loaning Iraq BILLIONS, loaning far more than they were probably pumping out of the field).

Originally, there was an agreement between Iraq and Kuwait in how much each could draw from the field. After the Iran-Iraq War, Iraq wanted possession of ALL of the Rumaila field. While the Kuwaitis probably felt that they could draw all they wanted out of the field (as Iraq owed Kuwait 12 billion dollars). So Iraq wanted all of the Rumaila Field, two Islands, its loans from Kuwait eliminated, and wanted almost $3 billion for the oil Kuwait "over" pumped from the Rumiala fields. Kuwait said no, and was invaded.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext