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Kuwait received 1.03 billion dollars in Iraqi compensation
Date Published: 15:19, January 23, 2014
BAGHDAD (Independent) .. Committee presented the United Nations Compensation, today Thursday, January 23, a new batch worth 1.03 billion dollars for the Kuwait Oil Company as part of the compensation for damages as a result of Iraq's invasion of Kuwait, according to the AP news agency.
The Committee for the United Nations Compensation will consider the applications for compensation under Resolution 1965 adopted by the Security Council, where carves To this day, 5% of the proceeds of Iraqi oil annual compensation to Kuwait for damage suffered in the invasion of Iraq in 1990.
The committee said the United Nations Compensation This material compensation for the Kuwait Oil Company to go to cover the company's losses as a result of damage to the oil fields in the country, and that the Committee continues to pay compensation to Kuwaiti Company until completed, a total 14.7 billion dollars received by the Kuwaiti company which has about 6.9 billion dollars , and is the largest compensation committee has taken a decision to pay them.
It is worth mentioning that the foundations of the UN Security Council Committee for the United Nations Compensation in 1991 and based in Geneva, and is funded by deducting 5% of the revenues of Iraqi oil exports, in the form of advance payments to those affected every three months. (End)
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Date Published: 15:19, January 23, 2014
BAGHDAD (Independent) .. Committee presented the United Nations Compensation, today Thursday, January 23, a new batch worth 1.03 billion dollars for the Kuwait Oil Company as part of the compensation for damages as a result of Iraq's invasion of Kuwait, according to the AP news agency.
The Committee for the United Nations Compensation will consider the applications for compensation under Resolution 1965 adopted by the Security Council, where carves To this day, 5% of the proceeds of Iraqi oil annual compensation to Kuwait for damage suffered in the invasion of Iraq in 1990.
The committee said the United Nations Compensation This material compensation for the Kuwait Oil Company to go to cover the company's losses as a result of damage to the oil fields in the country, and that the Committee continues to pay compensation to Kuwaiti Company until completed, a total 14.7 billion dollars received by the Kuwaiti company which has about 6.9 billion dollars , and is the largest compensation committee has taken a decision to pay them.
It is worth mentioning that the foundations of the UN Security Council Committee for the United Nations Compensation in 1991 and based in Geneva, and is funded by deducting 5% of the revenues of Iraqi oil exports, in the form of advance payments to those affected every three months. (End)
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