KUWAIT CITY, Aug 9, (RTRS): Kuwait and Iraq are expected to reach an agreement soon setting guidelines for investing in oilfields which cross their desert border, a newspaper reported on Monday.
When Iraq invaded Kuwait 20 years ago, Baghdad accused Kuwait of stealing billions of dollars worth of oil from these fields through horizontal drilling. Kuwait denied the charge.
The Al-Jarida daily said in an unsourced report that a committee from the two countries met on Sunday in Kuwait to discuss the matter and an agreement was imminent.
The newspaper said Kuwait and Iraq will delegate a “third party” it did not name to determine the size of these fields and each country’s share in them.
Several fields straddle the desert border that was demarcated by the United Nations after the 1991 Gulf War that liberated Kuwait.

Kuwait is the world’s fourth largest oil exporter. It has resumed ties with Iraq since the 2003 US invasion of Iraq toppled Saddam Hussein, who ordered the invasion of Kuwait.
Stretching across 240 kms of windswept a series of 106 pillars stand like tomb-stones dividing the territories of Iraq and Kuwait. The erected markers are the result of two years of work by the UN Iraq-Kuwait Boundary Demarcation Commission.
The five-member Commission was established under Security Council resolution 687 (1991), which sets the terms of the cease-fire for the Arabian Gulf war.
In May 1991, the body began its pain-staking work, summarized in its final report (S/25811). The Commission then met in September 1993 to certify three sets of technical documentation, including maps and reports from the survey team. Both countries received a set of documents, and another set was deposited in UN archives.