Iraq pays 270 million dollars for compensation for the invasion of Kuwait

[siberian_shaddow]

Much Appreciated Yota,  making the payment very positive. 

[yota691]

Kuwaiti company to open the field of Saybah gas in Basra

Release date: 2018/4/24 14:11 • 115 times read

{Baghdad: Al Furat News} A Kuwaiti oil company will open on Wednesday the field of Saybah gas in the province of Basra.

A statement issued by the Kuwait Embassy in Baghdad received the agency {Euphrates News} a copy of it today that "Kuwait Energy Company (Kuwaiti oil company) will launch the field of Saybah gas in the north of Basra province on Wednesday at ten o'clock in the morning." 
"The ceremony will be attended by Kuwaiti Ambassador Salim Ghassab al-Zamanan."

[yota691]

Al-Mudhaf praised the decision to resume the deposit of compensation for the losses of the Iraqi aggression

 

GENEVA - The Chairman of the Board of Directors of the General Authority for the Assessment of Compensation for the Losses of Iraqi Aggression Khaled Al-Mudhaf praised the decision of the United Nations Compensation Commission on the resumption of the deposit of amounts due from this year. Al-Mudhaf made the remarks at the 84th session of the United Nations Compensation Commission (UNCC) in Geneva. "Decision No. 276 issued at the extraordinary session of the Governing Council of the United Nations Compensation Commission issued in November 2017 provides for the deposit of 0.5 per cent of the Iraqi oil revenues in the Compensation Fund this year, the rates will rise to 1.5% next year and 3% starting from 2020 ».
He added that this decision achieves once again the purpose for which the United Nations Compensation Commission, which has come a long way so far, has already completed many of its work. 90 million dollars were transferred on the twentieth of April, the rest of the payments will be made in installments every three months. 
"The continued deposit of these amounts in the Compensation Fund will bring us all of the completion of the board of directors and the payment of all dues and the closure of the compensation file." 
Kuwait expressed its thanks to the brothers in Iraq for their commitment to complete the payment process and their keen interest in assisting the Committee in carrying out its duties.
At the same time, the Kuwaiti official explained that the General Authority for Assessment of Compensation for the losses of Iraqi aggression will continue to cooperate with the Secretariat of the United Nations Compensation Commission to address the collection of files and outstanding matters until the completion of the payment of compensation in a series and regular.
 

 

[yota691]

South gas plans to send a delegation to Kuwait to complete the export of gas

In the economy  April 28, 2018 on South Gas intends to send a delegation to Kuwait to complete the export of closed gas 25 visits

 

Baghdad / SNG

 

The Director of the South Gas Company, Hayyan Abdul Ghani, announced the imminent dispatch of a delegation to the State of Kuwait to complete the technical procedures for the agreement to export gas from Basra to Kuwait.

Abdul Ghani said in a press statement that "the project agreement includes the export of 200 mummies of raw gas or dry gas to Kuwait," expressing "the hope that this agreement will be signed in the near future." 
He pointed to "the possibility of export from Rumaila field or through the dry gas network, which includes all gas fields in Basra." 
The oil minister Jabbar al-Allaibi, had announced in a statement earlier on the near export of crude gas from Rumaila field to Kuwait, after the completion of the Joint Committee all the procedures related to this framework.

[ChuckFinley]

More positive news. 

 

Thank you Yota and keep it coming. 

[yota691]

Kuwait Energy appoints consultant for possible sale of concession zone in Iraq

 

energy Economy News Baghdad: Kuwait Energy, an independent oil and gas company, has appointed investment bank Perela Weinberg Partners to advise it on a possible sale of all or part of concession area 9 in southern Iraq and the separation of assets in Egypt, informed sources said . The move aims to provide the liquidity needed by the company heavily for its shareholders and to form a cash reserve to repay its debts . The move comes after Kuwait Energy completed a possible merger talks with London-based Soko International, and said the two sides had not met terms to satisfy both sides . The Kuwait-based company, based in Bahrain, has assets in Iraq, Oman, Egypt and Yemen, and started merger talks after failing last year to complete an initial public offering on the London Stock Exchange, in which it hoped to raise about $ 150 million . This led to a change in the board of directors in December, with the resignation of Sarah Akbar, the chief executive who co-founded the company and the appointment of six new members of the board. Earlier this year, Kuwait Energy sold an 8.57% stake in the 9th concession area of Dragon Oil, a subsidiary of Dubai-based Emirates National Oil Company (ENOC), for $ 100 million, And ended a dispute over ownership with ENOC by granting an additional 6.43% stake in the concession area . The company's operations in Iraq are concentrated in three assets, including Zone 9, and Egypt has interests in four oil and gas fields. At the end of 2017, Kuwait Energy had liquidity of $ 65.6 million. The company has $ 250 million worth of bonds maturing in 2019. A $ 150 million convertible debt should start this year for an entity controlled by Abraaj Group for direct investment . Views 24   Date Added 21/05/2018

[yota691]

Proposal to activate the project of electric interconnection with Kuwait

26/5/2018 12:00 am  To supply the country with 300 MW  Baghdad / Tareq al-Araji The Ministry of Electricity is considering the activation of the electric link project with Kuwait to link the national system with its Gulf counterpart to exchange energy in the future, while continuing its work with the construction of Nasiriyah and Samawah gas stations.  "The ministry is studying a proposal for the bilateral electric link project with Kuwait, which includes the rehabilitation of a gas pipeline that was built between the two countries and is currently suspended." The agreement was based on the exchange of energy between the two countries, Kuwait in gas compared to the power supply, pointing to the need for pipeline maintenance, which noted the adoption of the Kuwaiti side of the maintenance process in full. He added that the ministry had agreed with the Kuwaiti side to extend lines linking the two countries for the transfer of energy. He pointed out that Kuwait will carry out the implementation of the carrier lines to the Iraqi borders, while the ministry will extend them to the borders of Kuwait. To be fed the country card up to 300 MW.  On the delivery of fuel to electric stations throughout the country and the provision of material (kerosene), the teacher pointed out that the Ministry of the conversion of most of the generating units to work on black and crude oil, despite the result of the decline in production capacity, which reduced the volume of consumption of kerosene, His ministry hoped that the Ministry of Oil would have serious efforts to rehabilitate the natural gas fields in Akkaz, Mansouriya and Rumaila to equip the stations with gas to ensure their design cards. As for the new stations, he explained that his ministry has two stations in Nasiriyah and Samawah in four units contracted with General Electric Company, which will be completed within two years, adding to each station two units and two vehicles to become the capacity of the station 700 MW.  The electricity spokesman noted that his ministry imported from General Electric, 56 generating units and 16 Siemens, all of which were installed except for the Akkaz station, which stopped the company executing its project due to terrorism. In addition, the second Baiji gas station, which was sabotaged by " 960 MW card.

[dinarham]

It's so nice that Iraq and Kuwait are friends now .  This conflict has been resolved because  of mutual goals  being met , and the passage of time . In my super humble opinion  dinar will come out higher than Kuwait

[Laid Back]

3 hours ago, dinarham said:

It's so nice that Iraq and Kuwait are friends now .  This conflict has been resolved because  of mutual goals  being met , and the passage of time . In my super humble opinion  dinar will come out higher than Kuwait

I agree with you dinarham..... Iraq is ten times richest than Kuwait.

 

Go Babylon

Go RV

 

[yota691]

Kuwait exports light oil for the first time in its history

 

Posted: Thursday 07 June

KUWAIT:

KUWAIT: Kuwait Oil Company (KOC) has succeeded in producing and separating light crude oil produced from the "Jurassic Production Units" and said that Kuwait is preparing to complete the first export of light crude oil in its history by the end of this month. Al-Rashidi said in a statement that KPC's global marketing sector is currently preparing to export this type of oil. "Kuwait's light crude oil is characterized by high quality and low sulfur content, which is a profitable return for the State of Kuwait in international markets."

[yota691]

Kuwait: We are currently studying with Iraq the development of joint oil fields

 

energy Economy News Baghdad: Kuwait and Iraq will soon appoint a consultant to study the development of joint oilfields, Kuwaiti Oil Minister Bukhit al-Rashidi said on Wednesday . The minister told reporters during a tour of the Doha Eastern Electricity Station that Kuwait and Iraq had identified four advisers currently, and would choose one of them to study the joint oil fields project . He added that Kuwait expects an agreement with Iraq on the import of gas and joint oil fields before the end of this year . Al-Rashidi predicted that the market would remain "stable" from now until the end of the year . He said the meeting of the OPEC ministerial oversight committee and independent producers to be held in Algeria in September would review production figures from the organization and beyond . He pointed out that it will be agreed before the end of the year on a mechanism to follow up production next year. Views 438   Date Added 22/08/2018

[yota691]

Iraq and Kuwait intend to appoint a consultant to study the development of joint oil fields

 

Iraq and Kuwait intend to appoint a consultant to study the development of joint oil fields

 

Number of readings: 9957 22-08-2018 12:57 PM

 

 

22-08-2018 12:57 PM 

 

Kuwait and Kuwait are planning to appoint a close adviser to study the development of joint oil fields, Kuwait's oil ministry said Wednesday. 

The Kuwaiti Oil Minister Bakheet al-Rashidi, that 'Iraq and Kuwait identified 4 advisers currently and will choose one of them to study the joint oil fields project',

Adding that 'Kuwait expects to sign an agreement with Iraq on the import of gas and joint oil fields before the end of this year'. 

[yota691]

The signing of an agreement between Kuwait and Iraq on the joint oil fields

© AP Photo / Nabil al-Jourani

 

11:25 22.08.2018(Updated 11:29 22.08.2018)

Kuwait's oil minister, Bakheet al-Rashidi, said on Wednesday that his country and Iraq would sign an agreement to import oil and gas, as well as on joint fields, before the end of this year.

Cairo - Sputnik . "Kuwait and Iraq will appoint a consultant soon to study the development of joint oil fields," he was quoted as saying by Kuwait News Agency.

The Kuwaiti minister said during a tour of the "Doha East" for electricity. He said that Kuwait and Iraq have identified four advisers currently, and will choose one of them, to study the joint oil fields project.

On oil-related issues, Al-Rashidi predicted that the crude market will remain stable between now and the end of the year. He pointed out that the meeting of the Joint Ministerial Control Committee of the Organization of Petroleum Exporting Countries (OPEC) and independent producers scheduled to be held in Algeria next September , Will review production figures from FAO and beyond.

The oilfields are located on both sides of the border between Kuwait and Iraq, which were drawn up by a UN-appointed committee in 1993.

In the north of Kuwait, there are a group of oil fields, the most important of which are "Rawdatin", "Bahra" and Sabriya. "In the south of Iraq are the fields of Zubayr, Qurna and Majnoon Island. North to south, and to the west of Safwan-Abdali port.

Kuwait is calling the part of its territory the name "Ratqa", which is called Iraq "Rumaila"; and the agreement on this field of the most important difficulties of oil cooperation between the two countries.

Saddam Hussein, who took the oil file as a reason for "invading Kuwait" in 1990, directed accusations of Kuwait to "steal Iraqi oil, through the excavation of the horizontal underground."

Although relations between the two countries improved considerably after the fall of President Saddam Hussein in 2003 and the exchange of ambassadors, the border area continues to witness occasional shootings and infiltrations.

 

[yota691]

Iraq and Kuwait intend to study the development of joint oil fields

 

Wednesday 22 August

 

 

Alsumaria News / Baghdad , said Kuwaiti Oil Minister Bakhit Rashidi, on Wednesday, said that Kuwait and IraqSieinan consultant soon to study the development of joint oil fields.  Al-Rashidi told reporters during a tour of a power plant in Kuwait, according to the site of the "seventh day", that his country and Iraq have identified four advisers currently, and will choose one of them to study the joint oil fields project.  Al-Rashidi added that Kuwait expects an agreement with Iraq on importing gas and joint oil fields before the end of this year.     The oil minister expected the oil market to remain stable from now until the end of the year.

[Butifldrm]

Kuwait and Iraq discuss the development of joint oil fields

2 hours ago

12996 views

+ -

NRT

KUWAIT: Kuwait will conclude an agreement with Iraq to import gas and invest joint oilfields between the two countries before the end of this year, Kuwaiti Oil Minister Bakheet al-Rashidi said on Wednesday .

Al-Rashidi said in a press statement today that Kuwait and Iraq will appoint a consultant to study the development of joint oil fields. He pointed out that the two sides have chosen four consultants and will assign one of them to study the joint oil fields project, .

The Kuwaiti minister, that Kuwait expects an agreement with Iraq regarding the import of gas and oil fields shared by the end of this year . 

With regard to higher crude prices, Al Rashidi predicted that the market will remain stable from now until the end of the year .

He pointed out that "the meeting of the ministerial control committee between OPEC and independent producers scheduled to be held in Algeria in September next will review the production figures from the organization and outside," noting that it will be agreed before the end of the year on a mechanism to follow up production next year.

R.

http://www.nrttv.com/AR/News.aspx?id=3612&MapID=5

[Butifldrm]

2018-08-23 BY SOTALIRAQ

Kuwait announces the appointment of an adviser in agreement with Iraq on the joint oil fields

 

 

KUWAIT: Kuwait will appoint an adviser to Iraq to study the development of joint fields, Kuwait's oil minister said on Wednesday.

Al-Rashidi told reporters today during a tour of Doha's Eastern Electricity Station that Kuwait and Iraq had identified four advisers and would choose one of them to study the joint oil fields project.   He added that Kuwait expects an agreement with Iraq on the import of gas and joint oil fields before the end of the current world.😮

https://www.sotaliraq.com/2018/08/23/الكويت-تعلن-تعيين-مستشار-بالاتفاق-مع-ا/

[nannab]

27 minutes ago, Butifldrm said:

before the end of the current world.😮

 

Ruh Roh !!! Ya gotta love it they have such a way with words  

 

Good evening Butifldrm and DV  

[Butifldrm]

Yea, that was funny. It could be true according to Iraqi time. 

 

Good evening to you nannab and all of DV ❤️❤️

[yota691]

Kuwait selects a global consultant with Iraq to develop joint oil fields

 

 Twilight News    
 5 hours ago

The Minister of Oil and the Minister of Electricity and Water of Kuwait, Bakheet Al-Rashidi, said that the meeting of the follow-up committee for the production of oil in the Organization of Petroleum Exporting Countries (OPEC) and beyond, scheduled in Algeria, will review the production figures in the countries of the Organization and outside, and expected the market stability until the end of the current year, A mechanism to follow up production next year.

He added during statements to the press during his inspection tour of the "Doha East" power generating station, that Kuwait will choose a global consultant in agreement with Iraq to study the development of common fields between the two countries.

Al-Rashidi added that "Kuwait and Iraq have identified 4 consultants to study the joint fields project, and that one of them will be chosen for this task."

"Everyone knows that any fields shared by two parties must have an agreed production process, usually through a company or a team that divides production and costs," he said.

On the importation of gas from Iraq, he said that "the process of importing Iraqi gas and studying the joint fields between the two countries are proceeding at a steady pace and are in the process of discussions." He expected that "the details of the projects will be agreed before the end of the current year."

Keywords: 

[yota691]

Kuwait takes action to address damages of "Iraqi invasion"

 

 Twilight News    
 2 hours ago

The Kuwaiti Ministry of Electricity and Water announced on Monday the signing of a memorandum of understanding with the General Secretariat of the Kuwaiti point of contact for environmental projects to implement projects to rehabilitate the environment affected by the "Iraqi invasion".

Kuwait's Undersecretary of Electricity and Water Mohammad Bushahri said in a statement that the memorandum of understanding signed today is a modified memorandum of understanding for Kuwaiti environmental rehabilitation projects affected by the effects of the Iraqi invasion signed in 2010, based on current and future requirements that necessitated the amendment of the old memorandum.

He added that the signing of the memorandum came to achieve the desired objectives for the implementation of projects related to the rehabilitation of the environment and continued cooperation between the two parties in favor of Kuwait in respect of these vital projects.

He pointed out that the ministry is represented in the water projects sector, which is following up the groundwater rehabilitation project for Kuwait by forming a joint technical group for planning and general supervision of the implementation of the project through coordination and consultation with the concerned authorities in the country.

He added that the rehabilitation project includes reviewing and evaluating all available environmental, ecological and technological information related to the project, approving the project standards according to the regulations and ensuring the implementation of the long-term environmental monitoring plan and implementing it within a plan approved by the United Nations.

Keywords: 

[blueskyline]

https://www.mawazin.net/Details.aspx?jimare=16559.....

United Nations: Transfer of 90 million dollars to Kuwait as compensation for the Iraqi invasion

07:18 - 23/10/2018

 

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BAGHDAD ( 
Reuters) - The United Nations Compensation Commission on Tuesday announced the transfer of $ 90 million to Kuwait for its invasion in 1990 as a result of Saddam Hussein's decision. 
In a statement to Mawazine News, the committee said it had transferred $ 90 million to the Government of Kuwait within the framework of the only remaining claim for category E compensation for losses and damage suffered by individuals, companies, governments and international organizations as a direct result of Iraq's invasion and occupation Kuwait, "explaining that it" will be paid from the total compensation for all categories up to 48 billion dollars, leaving only 4.4 billion dollars remaining for this claim the only remaining Kuwaiti. "
The Commission added that "the claims for compensation was paid from 5% of Iraqi oil sales, which was reduced to 0.5% on the decision of the Board of the Committee to take into account the circumstances of Iraq's economic in 2017," noting that " Will escalate in subsequent years until compensation is paid in full. " 
The UN Security Council approved the formation of the commission in 1991, the year in which the US-led coalition forces pushed Saddam Hussein's forces out of Kuwait.

 

 

[blueskyline]

actions like these give me a feeling of closure ....

[Officiallytook]

We'll I'll be...hot Dayumn...🙏🙏🙏🤞🤞🤞👀👀👀🤔🤔🤔  🕴️🕴️ 🕴️ 😁😁😁

 

 

[bostonangler]

Nice!!!!

 

B/A

[WheresmyRV?]