Iraq pays new compensation to Kuwait worth 270 million dollars
16:34 - 23/07/2019
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Information / Translation ...
The United Nations Compensation Commission (UNCC), which oversees compensation claims arising from the invasion of Kuwait's former regime, said on Tuesday it had paid $ 270 million in compensation to Kuwait Oil Company (KOC).
The Associated Press said in a report translated by the agency "Information", the Geneva-based Compensation Commission said that "this installment has received the amount of compensation to the amount of 48.7 billion dollars that [You must be registered and logged in to see this link.]
has paid to Kuwait so far."
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must now allocate 1.5 percent of oil export revenues to the Compensation Fund and payments will be made once every three months," she said.
"The remaining claim, which includes the last batch, comes to Kuwait Petroleum Corporation (KPC), where about $ 3.7 billion of its $ 14.7 billion claim for oil production losses and sales resulting from damage to the country's oil fields is still to be paid as a result of the invasion, End