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Iraq pays new compensation to Kuwait worth 270 million dollars

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Iraq pays new compensation to Kuwait worth 270 million dollars Empty Iraq pays new compensation to Kuwait worth 270 million dollars

Post by rocky on Tue 23 Jul 2019, 1:36 pm


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."
[You must be registered and logged in to see this link.] 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


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Iraq pays new compensation to Kuwait worth 270 million dollars Empty Because of Saddam Hussein ... Kuwaiti company gets 270 million dollars

Post by rocky on Tue 23 Jul 2019, 1:55 pm

[size=36]Because of Saddam Hussein ... Kuwaiti company gets 270 million dollars[/size]

Political | 04:40 - 23/07/2019

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Baghdad - Mawazine News 
The United Nations Compensation Commission paid KNPC $ 270 million. 
The committee, based in Geneva, said that "this segment increases the amount of compensation paid to Kuwait to 48.7 billion dollars." 
The Commission approved applications for 1.5 million compensation claims submitted by 100 Governments and international organizations, all of which were paid for only one. 
The remaining request, which includes the final payments, originates from KNPC. 
About $ 3.7 billion of its $ 14.7 billion claim for oil production losses and sales resulting from damage to oilfields in the country is yet to be paid. 
The United Nations Compensation Commission is responsible for claims for compensation arising from Iraq's invasion of Kuwait (1990-1991)


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Iraq pays new compensation to Kuwait worth 270 million dollars Empty The United Nations decided to deduct 1.5% of Iraqi oil imports and grant them to Kuwait

Post by rocky on Tue 23 Jul 2019, 2:13 pm

The United Nations decided to deduct 1.5% of Iraqi oil imports and grant them to Kuwait

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The United Nations Compensation Commission (UNCC) decided Tuesday to cut 1.5 percent of [You must be registered and logged in to see this link.] oil exports to Kuwait. 

The decision comes as part of the compensation [You must be registered and logged in to see this link.] must pay Kuwait for the 1990-1991 invasion, the committee said in a statement. The committee announced a payment of $ 270 million recently for the [You must be registered and logged in to see this link.]funded fund for compensation. 

The Committee stressed that [You must be registered and logged in to see this link.] will allocate these resources to the Fund, and is paid once at the end of every quarter economic year, where [You must be registered and logged in to see this link.] claims that its oil company, lost $ 14.7 billion during the war, which paid [You must be registered and logged in to see this link.] of only 3.7 billion.


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Iraq pays new compensation to Kuwait worth 270 million dollars Empty Iraq hands over new war compensation to Kuwait

Post by rocky on Wed 24 Jul 2019, 3:18 am

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Iraq hands over new war compensation to Kuwait


July 24, 2019 - 9:32 
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Follow / step Press
The United Nations announced that Kuwait received $ 270 million from Iraq as compensation for damage caused by the "first Gulf War" as part of its efforts to obtain full compensation.
The United Nations Compensation Commission said in a statement that "with this last payment, it paid a total of 48.7 billion dollars, leaving 3.7 billion dollars of the total amount estimated at 52.4 billion dollars."
The money is linked to one request by KOC for its production losses and damage to oil assets, the committee said in a statement.
The United Nations Compensation Commission (UNCC) was formed in 1991 after the US-led coalition removed Iraqi forces from Kuwait and set compensation values ​​for individuals, companies, government agencies and other organizations that suffered war losses.
The committee was forced to halt payments between 2014 and 2018 because of the security crisis in Iraq and the control of a "chorus" of large parts of the country.
Iraq has committed to pay the tax, with the exception of its request for suspension in 2014.




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