AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 127.04 No Change ▼ 0.00 (0%)
BOP 6.67 No Change ▼ 0.00 (0%)
CNERGY 4.51 No Change ▼ 0.00 (0%)
DCL 8.55 No Change ▼ 0.00 (0%)
DFML 41.44 No Change ▼ 0.00 (0%)
DGKC 86.85 No Change ▼ 0.00 (0%)
FCCL 32.28 No Change ▼ 0.00 (0%)
FFBL 64.80 No Change ▼ 0.00 (0%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 109.57 No Change ▼ 0.00 (0%)
HUMNL 14.68 No Change ▼ 0.00 (0%)
KEL 5.05 No Change ▼ 0.00 (0%)
KOSM 7.46 No Change ▼ 0.00 (0%)
MLCF 41.38 No Change ▼ 0.00 (0%)
NBP 60.41 No Change ▼ 0.00 (0%)
OGDC 190.10 No Change ▼ 0.00 (0%)
PAEL 27.83 No Change ▼ 0.00 (0%)
PIBTL 7.83 No Change ▼ 0.00 (0%)
PPL 150.06 No Change ▼ 0.00 (0%)
PRL 26.88 No Change ▼ 0.00 (0%)
PTC 16.07 No Change ▼ 0.00 (0%)
SEARL 86.00 No Change ▼ 0.00 (0%)
TELE 7.71 No Change ▼ 0.00 (0%)
TOMCL 35.41 No Change ▼ 0.00 (0%)
TPLP 8.12 No Change ▼ 0.00 (0%)
TREET 16.41 No Change ▼ 0.00 (0%)
TRG 53.29 No Change ▼ 0.00 (0%)
UNITY 26.16 No Change ▼ 0.00 (0%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 10,010 Increased By 126.5 (1.28%)
BR30 31,023 Increased By 422.5 (1.38%)
KSE100 94,192 Increased By 836.5 (0.9%)
KSE30 29,201 Increased By 270.2 (0.93%)

Saudi Arabia and Qatar have agreed to fix their maritime borders, Saudi media said on Sunday, in a move that could affect gas pipeline projects in the Gulf region.
Al-Riyadh daily reported that Interior Minister Prince Nayef bin Abdul-Aziz and Qatar's Prime Minister and Foreign Minister Sheikh Hamad bin Jassim signed an agreement on Saturday to establish the sea borders between Saudi Arabia and Qatar, up to the international waters.
In 2006 Saudi Arabia was reported to have raised objections to a $3.5 billion gas pipeline project led by the UAE's Dolphin Energy to supply Qatari gas to the United Arab Emirates, sending letters to minority partners France's Total and US Occidental questioning the pipeline's route.
In 2005 Saudi media said Riyadh had protested to Qatar and the UAE over plans to build a bridge linking their two states, saying it would pass through Saudi territorial waters. A gas pipeline project between Kuwait and Qatar had already been scrapped over Saudi objections.
Al-Riyadh said the ministers acted on the instructions of the two heads of state, King Abdullah and the Emir Hamad bin Khalifa. The deal was also carried by the official Saudi Press Agency.
The maritime border agreement follows a thawing of ties between the two countries that stretched back to 2002. The territorial disputes among the three countries-Qatar, UAE and Saudi Arabia-are thought to have centred on land and waters of the Khawr al-Udayd area near Qatar and the Shaybah oilfield in the Empty Quarter where Saudi has all rights.

Copyright Reuters, 2008

Comments

Comments are closed.