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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


2 posters

    Another $1.2bn Compensation Paid to Kuwait

    chouchou
    chouchou
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    Posts : 5062
    Join date : 2012-12-20

    Another $1.2bn Compensation Paid to Kuwait Empty Another $1.2bn Compensation Paid to Kuwait

    Post by chouchou Sun 27 Jul 2014, 9:07 am

    The United Nations Compensation Commission (UNCC), which settles the damage claims of those who suffered losses due to Iraq’s 1990 invasion of Kuwait, today made $1.19 billion (1.4 trillion Iraqi dinars) available to the Government of Kuwait.

    With today’s payment, the Commission has disbursed $46.7 billion, leaving approximately $5.7 billion remaining to be directed to the only outstanding claim, stated a news release issued by the Geneva-based Commission.

    This category E claim was submitted by the Government of Kuwait on behalf of the Kuwait Petroleum Corporation and awarded $14.7 billion in 2000 for oil production and sales losses as a result of damages to Kuwait’s oil field assets. It represents the largest award by the Commission.

    Successful claims are paid with funds drawn from the UN Compensation Fund, which receives five per cent of the proceeds generated by the export sales of Iraqi petroleum and petroleum products.

    The Commission was established in 1991 as a subsidiary organ of the UN Security Council. It has received nearly three million claims, including from nearly 100 governments for themselves, their nationals or their corporations for losses and damages incurred as a direct result of Iraq’s invasion and occupation of Kuwait from 2 August 1990 to 2 March 1991.

    http://www.iraq-businessnews.com/2014/07/27/another-1-2bn-compensation-paid-to-kuwait/
    CITEX
    CITEX
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    Another $1.2bn Compensation Paid to Kuwait Empty Re: Another $1.2bn Compensation Paid to Kuwait

    Post by CITEX Mon 28 Jul 2014, 10:42 am

    With today’s payment, the Commission has disbursed $46.7 billion, leaving approximately $5.7 billion remaining to be directed to the only outstanding claim

    Getting closer to $0!!!

      Current date/time is Thu 12 Dec 2024, 2:54 pm