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The Compensation Commission pays Kuwait $ 240 million
12:00 - 24/04/2019
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announced that the UN committee overseeing the compensation by the States and organizations affected by the Iraqi occupation of Kuwait in 1990 , it paid $ 240 million to the Kuwait Oil Corporation for the damage done to them.
"With the final payment, the total amount paid to compensate Kuwait has reached about $ 48.3 billion since 2005, and Iraq should allocate 1.5 percent of the oil export sales to the compensation fund," the Associated Press news agency quoted the committee as saying.
"The committee has approved 1.5 million claims from more than 100 governments and international organizations, all of which have been paid in full except for one claim," he said.
"Iraq still has to pay about $ 4.1 billion of KPC's claims of $ 14.7 billion for oil production losses and sales resulting from damage to oil fields in the country as a result of the invasion," the committee said.Ending / 25 z
announced that the UN committee overseeing the compensation by the States and organizations affected by the Iraqi occupation of Kuwait in 1990 , it paid $ 240 million to the Kuwait Oil Corporation for the damage done to them.
"With the final payment, the total amount paid to compensate Kuwait has reached about $ 48.3 billion since 2005, and Iraq should allocate 1.5 percent of the oil export sales to the compensation fund," the Associated Press news agency quoted the committee as saying.
"The committee has approved 1.5 million claims from more than 100 governments and international organizations, all of which have been paid in full except for one claim," he said.
"Iraq still has to pay about $ 4.1 billion of KPC's claims of $ 14.7 billion for oil production losses and sales resulting from damage to oil fields in the country as a result of the invasion," the committee said.Ending / 25 z
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