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

[yota691]

KUWAIT: Talks with Iraq on gas import have reached final stages

10:07 - 13/02/2018

 

  

Information / Baghdad ..

The Minister of Oil and Minister of Electricity and Water Bakheet Al-Rashidi, Tuesday, that the talks with Iraq on the import of gas from Iraq has reached the final stages.

"The talks with Iraq on the import of gas from Iraq are in its final stages," Al-Rashidi told Kuwait's Al-Qabas newspaper. "There will be an agreement within months," he said.

He added that "the transfer of gas from Iraq to Kuwait will be through pipelines, where Iraq is responsible for the lines extended in its territory, while Kuwait is responsible for the lines extending in its territory."

And on the investment of oil companies in Iraq, that "who is currently investing in this sector in Iraq are Kuwaiti private oil companies, but in the future there could be a government investment in the Iraqi oil sector." Ending / 25

[ISAAC88]

My opinion is. It's probably a good thing they are private companies...just a hunch

[yota691]

Advisor to Abadi reveals the date and mechanism of debt repayment of the 1991 invasion

 

 Twilight News    
 one hour ago

The economic adviser to the Iraqi government revealed the appearance of Mohammed Saleh, on Saturday, that Iraq will end the payment of debts to Kuwait, resulting from the invasion of 1991, beyond the year 2020, pointing to the existence of negotiations to find an alternative solution.

"The residual damages of the Kuwait war, which today amounts to 4.5 billion dollars, began to pay from the first of this year by half a percent of the return of each barrel of crude oil source," Saleh told Xinhua News Agency.

He added that "the ratio will rise in 2019 to 1.5% of the return of each barrel to pay the remnants of compensation and become in 2020 by about 3% of the return of each barrel of oil until the extinguishment of compensation in full."

"There will be negotiations in April with the United Nations Compensation Fund in Geneva to assess the payment mechanisms and possibly find another alternative," Saleh said.

Keywords: 

[NEPatriotsFan1]

Thanks Yota! It’s early still and I didn’t get much sleep, But it sounds like part of this Kuwait conference is to allow Iraq to pay back its debt with oil and natural gas agreements over time and settle it that way.... maybe this means chapter 7 really is fully released now and they are into Article 8 or 14 or....... dang it.... too many articles and chapters to keep track of!!!! Just RV for the love of all that is decent and Holy! Maybe this weekend..... they can flip the switch..... 😡🤬

[yota691]

Iraq announces mechanism to pay the rest of the compensation of the invasion of Kuwait

Appearance of Mohammed Saleh - economic adviser to the Iraqi prime minister

 

 18 February 2018 11:09 p

Directly : economic adviser to Iraqi Prime Minister, said that Baghdad began earlier this year to pay the remains of compensation for the Kuwait war in 1991 , amounting to about $ 4.5 billion (5.34 trillion Iraqi dinars) by 0.5% from the return each barrel of crude oil source said.

Last November, the United Nations accepted an Iraqi proposal to allocate 0.5 percent of its oil revenues this year to pay $ 4.6 billion in compensation to Kuwait for the destruction of its oil facilities during the Gulf War between 1990 and 1991 .

"The ratio will increase next year to 1.5% of the revenue of each barrel of oil and then to 3% by 2020, until the completion of the payment of the full compensation due to Iraq as a result of its invasion of Kuwait in 1991, according to (Iraqi News Agency).

Saleh pointed out that negotiations will be held early next April with the United Nations Compensation Fund in Geneva, to assess the mechanisms of payment and find an alternative solution.

The Iraqi government, announced last September , negotiated with officials in Kuwait to sell the accompanying crude gas instead of paying money as part of the financial compensation imposed on Iraq .

The part of the gas will be given in exchange for part of the financial compensation owed to the State of Kuwait instead of paying money from the treasury of the country .

Iraq pays a total of US $ 177.6 billion in financial compensation for its 1990 invasion of Kuwait. The United Nations approved $ 37.2 billion, of which 9.3 billion was received by Kuwait .

Kuwait's debts to Iraq are estimated at US $ 13.2 billion without interest .

[yota691]

Kuwait confirms that Iraq will continue to pay the debt until 2021

 

 Since 2018-02-24 at 13:58 (Baghdad time)

Follow - Mawazine News

Deputy Foreign Minister Khalid al-Jarallah said that Iraq will continue to pay the debts of Kuwait until 2021, while noting that 85 cases between the two countries have been resolved and left little of them.

"Reparations are something, and payment is something, and commitments in the reconstruction conference of Iraq are another thing," he said in a televised interview on Monday in response to a question about the Iraq reconstruction conference and a pledge of $ 2 billion. .

He continued: "We sat with the Iraqis and with the United Nations, and agreed on a payment mechanism, and started Iraq, and will end in the year 2021."

He pointed out that "the issues that are still stuck between Kuwait and Iraq are simple, 85 of which have been resolved within the framework of Security Council resolutions, leaving very few (prisoners, property and maritime borders after point 62)."

is over

M

[yota691]

Kuwaiti FM chairs high-level UNSC meeting

22/02/2018 | LOC00:52  21:52 GMT |

Minister of Foreign Affairs Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah presides the high-level UN Security Council meeting on "Purposes and principles of the Charter of the United Nations in the maintenance of international peace and security."

NEW YORK, Feb 21 (KUNA) -- Deputy Prime Minister and Minister of Foreign Affairs Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah on Wednesday presided over a high-level UN Security Council meeting on "Purposes and principles of the Charter of the United Nations in the maintenance of international peace and security." The meeting, proposed by the State of Kuwait, saw the UNSC member states renewing their commitments to improve the mechanisms for addressing the risks posed to the international community and enable the Council to deliver its mandate in preserving peace and security worldwide. Speakers at the gathering noted that the meeting took place shortly ahead of Kuwait celebrating its 27th liberation day, a reminder of the collective will and ability of the international community to liberate Kuwait from the Iraqi invasion of 1991 pursuant to the provisions of the UN Charter. In his address to the meeting, Sheikh Sabah Al-Khaled thanked the Secretary-General of the United Nations Antonio Guterres for "the valuable briefing" he offered to the Council. He reaffirmed Kuwait's support to the efforts of the UN chief and his vision for improving the working mechanism of the UN and minimizing the threats facing the world. He also thanked former UN secretary-general Ban Ki-moon for his briefing. Sheikh Sabah Al-Khaled said, "The theme of our meeting today 'Purposes and principles of the Charter of the United Nations in the maintenance of international peace and security' is exactly the same as the targets of the UN Charter. "Let me quote the first lines of the preamble of the Charter: 'We the peoples of the United Nations determined to save succeeding generations from the scourge of war, which twice in our lifetime has brought untold sorrow to mankind, and to reaffirm faith in fundamental human rights, in the dignity and worth of the human person, in the equal rights of men and women and of nations large and small.' "Kuwait's invitation for holding this important meeting aims to provide a chance for assessing our collective responsibilities towards the commitments specified in the UN Charter." Sheikh Sabah Al-Khaled regretted that some members of the UN failed to deliver their commitments and committed flagrant violations of the principles of the UN Charter, thus posing grave risks to the international peace and security. He noted that the Kuwait's selection of the theme and timing of this session bears the significance that commitment to the purposes of the UN Charter and international laws is of great importance for all UN member states, particularly the small ones. "Kuwait will be celebrating, on February 26, the 27th anniversary of its liberation from the Iraqi invasion in 1991; this liberation was the fruit of global commitment to the principles of the UN Charter," he pointed out. On the tools available for the UN Security Council to deliver its mandate in maintaining peace and security, Sheikh Sabah Al-Khaled highlighted the roles of chapters VI, VII and VIII on action with respect to threats to the peace, breaches of the peace, and acts of aggression; and regional arrangements, respectively. "After more than seven decades of its adoption, the UN Charter remains to be an effective means of preventing and settling disputes through peaceful ways," he went on. Regarding the unity of the UNSC, Sheikh Sabah Al-Khaled said the ability of the Council to shoulder its responsibility depends primarily on consensus among its permanent members. "The recent years or decades showed that the Council failed to act vis-أ -vis grave crisis due to divisions among its five permanent members which abused their veto powers," he regretted. He cited as examples the Palestinian cause that remained unsolved over the last 70 years and the Syrian crisis the entered its seventh year with the death toll rising to more than 400,000. Sheikh Sabah Al-Khaled appreciated the vision of the Secretary General for improving the working mechanisms of the UN bodies and finding preventive measures and diplomatic solutions to disputes based on the provisions of Chapter 99 of the UN Charter. "Kuwait is returning to the UNSC membership four decades after its first membership in 1978-1979 with a renewed commitment to contribute to maintenance of the international peace and security, favoring dialogue to force in solving dispute, building the best possibly relations with neighbors and other countries of the world, leading mediation to solve disputes through peaceful means, leading the humanitarian action, and compliance with the letter and spirit of the UN Charter," he concluded. Kuwait delegation to the meeting also includes Assistant Foreign Minister Sheikh Dr. Ahmad Nasser Al-Sabash, Permanent Representative to the UN Mansour Ayyad Al-Otaibi and Assistant Foreign Minister Nasser Abdullah Al-Hayyen, as well as other senior diplomats. (end) asf.gb

[ChuckFinley]

Thanks,Yota are moving along according to plan.   

[yota691]

LIBERATED KUWAIT CALLS FOR FOCUS ON U.N. CHARTER

Date

2/22/2018 3:30:07 PM

 

 

(MENAFN - Arab Times) Core principles … They work if we do - Kuwaiti FM chairs high-level UNSC meeting

Deputy Prime Minister and Minister of Foreign Affairs Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah chairs UNSC meeting on Palestinian cause

NEW YORK, Feb 22, (KUNA): Deputy Prime Minister and Minister of Foreign Affairs Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah on Wednesday presided over a high-level UN Security Council meeting on 'Purposes and Principles of the Charter of the United Nations in the maintenance of international peace and security.'

The meeting, proposed by the State of Kuwait, saw the UNSC member states renewing their commitments to improve the mechanisms for addressing the risks posed to the international community and enable the Council to deliver its mandate in preserving peace and security worldwide.

Speakers at the gathering noted that the meeting took place shortly ahead of Kuwait celebrating its 27th liberation day, a reminder of the collective will and ability of the international community to liberate Kuwait from the Iraqi invasion of 1991 pursuant to the provisions of the UN Charter.

In his address to the meeting, Sheikh Sabah Al-Khaled thanked the Secretary-General of the United Nations Antonio Guterres for 'the valuable briefing' he offered to the Council. He reaffirmed Kuwait's support to the efforts of the UN chief and his vision for improving the working mechanism of the UN and minimizing the threats facing the world. He also thanked former UN secretary-general Ban Ki-moon for his briefing. Sheikh Sabah Al-Khaled said, 'The theme of our meeting today 'Purposes and Principles of the Charter of the United Nations in the Maintenance of International Peace and Security' is exactly the same as the targets of the UN Charter.

'Let me quote the first lines of the preamble of the Charter: 'We the peoples of the United Nations determined to save succeeding generations from the scourge of war, which twice in our lifetime has brought untold sorrow to mankind, and to reaffirm faith in fundamental human rights, in the dignity and worth of the human person, in the equal rights of men and women and of nations large and small.' Kuwait's invitation for holding this important meeting aims to provide a chance for assessing our collective responsibilities towards the commitments specified in the UN Charter.'

Sheikh Sabah Al-Khaled regretted that some members of the UN failed to deliver their commitments and committed flagrant violations of the principles of the UN Charter, thus posing grave risks to the international peace and security.

He noted that the Kuwait's selection of the theme and timing of this session bears the significance that commitment to the purposes of the UN Charter and international laws is of great importance for all UN member states, particularly the small ones. 'Kuwait will be celebrating, on Feb 26, the 27th anniversary of its liberation from the Iraqi invasion in 1991; this liberation was the fruit of global commitment to the principles of the UN Charter,' he pointed out. On the tools available for the UN Security Council to deliver its mandate in maintaining peace and security, Sheikh Sabah Al-Khaled highlighted the roles of chapters VI, VII and VIII on action with respect to threats to the peace, breaches of the peace, and acts of aggression; and regional arrangements, respectively.

'After more than seven decades of its adoption, the UN Charter remains to be an effective means of preventing and settling disputes through peaceful ways,' he went on. Regarding the unity of the UNSC, Sheikh Sabah Al- Khaled said the ability of the Council to shoulder its responsibility depends primarily on consensus among its permanent members. 'The recent years or decades showed that the Council failed to act vis-? -vis grave crisis due to divisions among its five permanent members which abused their veto powers,' he regretted. He cited as examples the Palestinian cause that remained unsolved over the last 70 years and the Syrian crisis the entered its seventh year with the death toll rising to more than 400,000.

Sheikh Sabah Al-Khaled appreciated the vision of the Secretary General for improving the working mechanisms of the UN bodies and finding preventive measures and diplomatic solutions to disputes based on the provisions of Chapter 99 of the UN Charter. 'Kuwait is returning to the UNSC membership four decades after its first membership in 1978-1979 with a renewed commitment to contribute to maintenance of the international peace and security, favoring dialogue to force in solving dispute, building the best possibly relations with neighbors and other countries of the world, leading mediation to solve disputes through peaceful means, 'That's a long and complex process to achieve. Cessations cannot be established by putting a word in the resolution.' Soon after final draft of the resolution was circulated, Nebenzia called for an open Security Council meeting Thursday on eastern Ghouta. Some diplomats complained privately that Russia was trying to delay action on the 30-day cease-fire resolution. The UN human rights office said Wednesday that at least 346 people have been killed in eastern Ghouta since the Syrian government and its allies escalated an offensive on Feb 4.

Nebenzia told the council it's important that all sides in the conflict present their understanding of the situation in eastern Ghouta 'and come up the ways of getting out of the situation there.' Russia understands 'there are terrorists there who the Syrian army is fighting and the terrorists are shelling heavily Damascus — and that has been neglected,' he said. Secretary-General Antonio Guterres earlier urged an immediate suspension of 'all war activities' in eastern Ghouta, where he said 400,000 people are living 'in hell on earth.'

The UN chief said a suspension of fighting must allow for humanitarian aid to reach all in need and the evacuation of some 700 people needing urgent medical treatment. 'This is a human tragedy that is unfolding in front of our eyes and I don't think we can let things go on in this horrendous way,' he said. US Ambassador Nikki Haley supported the UN chief saying 'it is time for us to realize that we can't continue to look away.' Later, she accused 'the barbaric Assad regime' of attacking men, women and children. 'It is simply preposterous to claim that these attacks on civilians have anything to do with fighting terrorism,' Haley said in a statement.

'The Security Council must move to adopt a resolution establishing a cease-fire.' But since the Syrian conflict began nearly seven years ago, the Security Council has been deeply divided, with Russia backing President Bashar Assad's government and the US, Britain and France supporting the opposition. The result has been paralysis and inaction.

The proposed Syria humanitarian resolution drafted by Sweden and Kuwait expresses 'grave distress' that more than 13.1 million people in Syria need urgent humanitarian assistance and 'outrage' at the escalating violence and lack of access to civilians in need. It calls for a cease-fire throughout Syria to begin 72 hours after the resolution's adoption.

It states that 48 hours after a cease-fire starts humanitarian convoys must be allowed 'unimpeded and sustained access' and the UN and its partners must be allowed to evacuate urgent cases. The draft resolution also calls for the immediate lifting of sieges including in eastern Ghouta, Yarmouk, Foua and Kefraya.

[yota691]

 

Al-Jarallah: Iraq will continue to repay the debts of Kuwait until 2021

Last updated: February 24, 2018 - 1:10 PM

BAGHDAD / Deputy Foreign Minister Khalid al-Jarallah said on Saturday that Iraq will continue to pay the debts of Kuwait until 2021, while noting that 85 cases between the two countries have been resolved. He added, in an interview with the BBC "In response to a question about the Iraq reconstruction conference and the pledge of two billion dollars and whether it is related to Iraqi compensation," compensation is nothing, pay something, and obligations in the reconstruction conference of Iraq is something else. "He continued:" We sat with Iraqis and with the nations The United States, and agreed on a payment mechanism, and embarked on Iraq, and will end in the year 2021. "He pointed out that" the issues Which is still stuck between Kuwait and Iraq is simple, has been resolved 85 of them in the framework of the Security Council resolutions, leaving little (prisoners, property, and maritime borders after the point 62) "!.

[skeetdog]

Thanks Yota...Glad Kuwait is able to calibrate their 27th anniversary of freedom...Kuwait was overrun in less than 6 hours by Saddam Hussein's regime ...The US had to come in and run Iraq out of Kuwait in less than 4 hours...The UNSC has held their foot on Iraq for 27 years for the antics of a madman... keeping Iraq's heads pushed to the ground under sanctions that are 2 and a half decades old...It's about time Kuwait suggested to the UNSC..."Enough is Enough"...jmho

[yota691]

Kuwait is festooned with lights and flags to mark the 57th anniversary of independence from the invasion of Iraq

Saturday, 24 February 2018 01:32 PM

Prince of Kuwait Sheikh Sabah Al Ahmad Al Jaber

 

KUWAIT (AP)

 

Kuwait celebrates the 57th anniversary of independence and the 27th liberation from the Iraqi invasion. Today, the streets of Kuwait celebrate the national day in which Kuwait gained independence from the British occupation on February 25, 1961, as well as the anniversary of its liberation from the Iraqi occupation. It falls on February 26 of each year.

The celebrations of Kuwaiti citizens are marked by the National Day and the Liberation Days with the participation of all sectors of citizens and expatriates. The streets and parks are filled with festive and carnival atmosphere throughout the country and intensive security preparations to ensure the celebrations.

In addition to the celebrations, the Kuwaiti authorities decorated the streets and main axes, as well as buildings and government hospitals, with national flags and decorative lights, in addition to opening the towers of Kuwait, which is the most important historical and tourist landmarks in the country. February in Kuwait's six governorates, foremost of which is Hala February Festival.

In addition to the wide participation of army, land, navy, and air units, as well as the Ministry of the Interior and the Guard. National celebrations, Kuwait will be transformed on the 25th and 26th of February each year to a large arena of celebrations and carnivals.

The National Day of Kuwait is an official holiday for all institutions and government departments, banks and schools to commemorate the country's independence from the United Kingdom. It is celebrated on 25 February each year after Kuwait's independence on June 19, 1961, under the reign of Sheikh Abdullah Al-Salem Al-Sabah.

[yota691]

Kuwait confirmed that Iraq will continue to pay the debt until 2021

By

 rami

 -

February 24, 2018

69

0

 

 

 

Deputy Foreign Minister Khalid al-Jarallah said that Iraq will continue to pay the debts of Kuwait until 2021, while noting that 85 cases between the two countries have been resolved and left very few of them.
In response to a question about the Iraq reconstruction conference and a pledge of $ 2 billion, Al-Jarallah said in a televised interview that “the compensation is nothing, the payment is something, and the commitments at the Iraq reconstruction conference are something else.”
He continued: “We sat with the Iraqis and with the United Nations, and agreed on a payment mechanism, and started Iraq, and will end in the year 2021.”
He pointed out that “the issues that are still stuck between Kuwait and Iraq are simple, 85 of which have been resolved within the framework of Security Council resolutions, leaving very few (prisoners, property and maritime borders after point 62).”

[yota691]

)

 

 

 

On its 27th anniversary: Kuwait benefited from the lesson

 

Kuwait Khaled Al Khalidi

25 February 2018

 

 

 

Kuwait celebrates  February 26 every year after its liberation from the Iraqi invasion of Iraq led by Saddam Hussein in 1990, which has led to a radical change in Kuwaiti internal political life, witnessing an upsurge of Islamic and nationalist political forces and a sharp decline of the leftist and nationalist forces . It also witnessed a change in foreign policy, as Kuwait first withdrew itself before returning to the Arab scene with a more lenient policy with its neighbors. 

At the domestic level, the Kuwaiti war left With Saddam Hussein destroying the oil wells and ordering them to burn, causing a huge environmental disaster. In addition to more than a thousand dead and hundreds of prisoners whose remains were discovered in mass graves inside Iraq later, the National Assembly elected a fact-finding committee after the liberation of Kuwait. Immediately, to discuss the causes of the political failure of Kuwait, which led to the Iraqi invasion, and condemned the Commission a number of officials and removed from their jobs. 

The Iraqi invasion also led to the failure of national and leftist currents to continue and rise of Islamic currents, independent MPs, and the rise of the Islamic psyche in public life, in addition to forming new populist political streams such as the popular bloc led by opposition leader Musallam al-Barrak, who later led the reform movement in the Kuwaiti street.

On the external level, after liberation Kuwait followed the policy of external isolation, which was to sever relations with the countries that supported Saddam Hussein, led by Jordan and Yemen, and stopped supporting the Palestine Liberation Organization as a result of its pro-invasion stance and withdrew its attention to Arab and regional political files for the first time since Establishment of the country. 

But the fall of the Iraqi regime in 2003, Iran's announcement of its nuclear program in the region, and the crises repeatedly waged by the Saudi authorities with the Gulf states over the border with the UAE in 2009 and the blockade of Qatar last year have led to the return of Kuwait to the political scene again and the dismantling of the optional isolation itself , It restored full relations with Iraq, it eased its alliance with Saudi Arabia, which was forced after the Iraqi invasion, and adopted a policy more open to Iran, despite the existence of some tensions.

Kuwait has also cooperated with other world powers, replacing US power, which in the view of the political leadership has become ambiguous following the US nuclear deal with Iran, and then elected Donald Trump with his reckless foreign policies as president. 

Kuwait has signed an agreement with NATO to cross its forces through Kuwaiti territory, signed an agreement with the Turkish army and asked Britain to find permanent military forces in Kuwait for the first time since independence, said British Ambassador to Kuwait Michael Denfport.

He said academic and political researcher Abdul Rahman Al - Mutairi's "new Arab": like the Iraqi invasion of Kuwait , a serious blow to the foreign policy of Kuwait, where he felt the Kuwaitis for the first time the diplomatic failing after the entry of Saddam to the country, even though they could eventually rally the world against him in the end, this failure is reflected in the leadership political ,  which has decided to retire from the Arab world for a period of time, but external threats and the policy of retreat has failed to return Kuwait once again a country of diplomatic mediation in Yemen war and the siege of Qatar and the Syrian revolution, in addition to the reconstruction of Iraq and deliver messages to the Gulf Iran.

Kuwait has signed dozens of economic and political agreements with Iraq, as well as its recent hosting of the post-war reconstruction conference on Daash, a move that has enabled it to improve relations with Iraq and give it a political and economic space as a major state. In the south to gain political gains, Kuwait's deal with Baghdad is still enjoying diplomatic elegance so as not to reshape the scene in 1990, according to political analysts.

"At every celebration to liberate Kuwait from the Iraqi invasion, we stress that Kuwait, as a unique political situation found among three major powers, must balance its relations first and give its neighbors, especially Iraq, a part," said Saud al-Mutairi, a professor of political science at Kuwait University. Of concessions, which happened in the port of Mubarak al-Kabir, which is located on the Iraqi-Kuwaiti maritime border where Kuwait stopped building two berths inside the port so as not to be affected by Iraqi territorial waters, although it is entitled to build without recourse to anyone under international law. 

"The invasion was a tough political lesson for Kuwait, and thankfully we have learned from it and reflected it on our foreign policy actions , which have been adhered to," he said.

[yota691]

Thursday 15 March 2018 03:18 PM
| Number of readings:
Economist: The debt of Saudi Arabia and Iran on Iraq can not be recognized internationally

BAGHDAD - Economist Bassem Jameel Antoine revealed on Thursday that the debts of Saudi Arabia, Saudi Arabia and the Islamic Republic of Iran amount to a total of 40 billion dollars, pointing out that Iraq can not pay and recognize them because of its documentation at the United Nations and the absence of documents and international documents condemning Iraq with those debts .

Antoine told "Iraq News", "The debts of Kuwait to Iraq are debts officially documented at the United Nations and there are official documents on that debt," pointing out that "the State of Kuwait asked Iraq to postpone payment of its debt by 90% because of low oil prices and The rise of Iraq begins with the debt. "

He added that "the debts of the Kingdom of Saudi Arabia and the Islamic Republic of Iran totaling a total of 40 billion dollars," pointing out that "Iraq can not pay and recognition because of its documentation at the United Nations and the absence of documents and international documents condemning Iraq with those debts."

"Saudi Arabia and Iran paid money in the 1980s as aid to the Iraqi people, but there are no official international documents confirming that Iraq is a creditor of those two countries and the Iraqi government can not pay the money without any official documents," he said. Finished

 

[Pitcher]

KUWAIT: Kuwait is getting closer to reaching a final agreement to purchase Iraqi gas in the next two months, Minister of Oil and Electricity and Water Bakheet Al-Rasheedi said. Speaking to reporters on the sidelines of a ceremony organized by the Embassy of Bangladesh to celebrate its national day, Rasheedi stressed that the final agreement will be based on a previous initial one already signed with Iraq.

Responding to questions about power outages, especially as summer is approaching, Rasheedi said that the Ministry of Electricity and Water (MEW) is ready for the summer with a surplus of power capacity. He also noted that the recent outages happened because of technical problems that can happen in any power grid worldwide. Responding to another question about linking Kuwait’s power grid with that of Iraq, which already has related problems, Rasheedi said that Iraq would be the gateway towards cooperating with Europe, adding that GCC states are currently negotiating with Iraq to start linking GCC grids to Turkey and Europe. Ambassador of Bangladesh to Kuwait S M Abolkalam stressed that Kuwait-Bangladesh relations are historic and reminded that Kuwait was the first GCC state to acknowledge Bangladesh’s independence.

Three contracts
In other news, Rasheedi yesterday signed three contracts to conduct annual maintenance operations at West and East Doha and Shuwaikh power plants. Informed sources said that the maintenance operations will include periodic maintenance of various machinery and distillation units, in addition to providing the needed spare parts to ensure high performance. The sources added that West Doha plant will cost KD 19,729,234 and the project is scheduled to be completed within 60 months. They added that the East Doha plant project will cost KD 15.5 million and is also expected to be completed within 60 months. The Shuwaikh plant project will cost KD 9,979,979 and will be completed in the same period.

New board
Separately, the Oil and Petrochemical Industries Workers Confederation’s (OPIWC) Secretary General Rashed Ali Al-Marri stressed that the oil sector workers’ syndicates strongly expressed themselves and their general assemblies by supporting a new board for the confederation. Marri expressed gratitude to OPIWC’s general assembly members for their trust and support following the meeting held on March 27, 2018, when the general assembly approved the new board formation to include Mohammed Hamad Shafi Al-Hajri as chairman, Khaled Fahd Al-Enezi as vice chairman, Rashed Ali Al-Marri as secretary general, Faleh Abdullah Al-Fuwaisel Al-Hajri as assistant secretary general, Saud Hamad Al-Ajmi as treasurer, Abdullah Mashout Al-Ajmi as foreign affairs secretary, Abdullah Zakariya Al-Salem as domestic affairs secretary, Fahd Al-Mutawwa as the institute’s board chairman, Yousif Al-Kandari as vice chairman and Adel Al-Fadhl, Hamad Al-Mutairi, Mubarak Al-Hajri, Ahmed Al-Ansari, Mae’ Al-Enezi and Abdullah Al-Ajmi as board members.

 

http://news.kuwaittimes.net/website/kuwait-close-to-finalizing-agreement-to-purchase-iraqi-oil-minister/

[yota691]

Kuwait: Import of Iraqi gas within two months

 

energy Economy News _ Baghdad Kuwait and Iraq are close to concluding the final agreement to import Iraqi gas, Kuwait's Minister of Water and Electricity said on Thursday. He said the details would not be a problem after the final agreement was signed. price. "The final agreement will be concluded in April next to coincide with the expected visit of the Iraqi oil minister to Kuwait," Al-Nahar newspaper quoted Al-Rashidi as saying. "There will be a final agreement on this issue over the next two months, For details, there will be no problem. " On the meeting with the Iraqi side on the electric connection, Al-Rashidi explained that "Iraq is the gate of Kuwait to Europe, so we discuss as countries in the GCC countries with Iraq to have an electrical connection with Iraq as a first point and then to Turkey and then connect with Europe to be linked The global electrical network, which is considered a strategic dimension of the network.  Views 20   Date Added 29/03/2018

[Butifldrm]

• economic

Kuwait: Import of Iraqi gas within two months

10:37 - 29/03/2018

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Information / Baghdad ...

Kuwait and Iraq are close to concluding the final agreement to import Iraqi gas, Kuwait's Minister of Water and Electricity said on Thursday. He said the details would not be a problem after the final agreement was signed. price.

"The final agreement will be concluded in April next to coincide with the upcoming visit of the Iraqi oil minister to Kuwait," Al-Nahar newspaper quoted Al-Rashidi as saying. "We hope that there will be a final agreement on this issue in the next two months, For details, there will be no problem. "

On the meeting with the Iraqi side on the electric connection, Al-Rashidi explained that "Iraq is the gate of Kuwait to Europe, so we discuss as countries in the Gulf Cooperation Council with Iraq to have an electric connection with Iraq as a first point and then to Turkey and then link with Europe to be linked The global electrical network, which is considered a strategic dimension of the network. Ending / 25 z

 

http://www.almaalomah.com/2018/03/29/295579/

[dinareffic]

 

 

 

Kuwait unveils final agreement to import Iraqi gas

 

Kuwait's oil, electricity and water minister, Bakheet al-Rashidi, said on Thursday that his country is close to concluding a final agreement with Iraq on the import of Iraqi gas.

[ltr]"Kuwait and Iraq are very close to concluding a final agreement for the import of Iraqi gas," Al-Rashidi said in a press statement. "There is a slight dispute between the two sides over prices."
 
He added that "the final agreement will be concluded in April next to coincide with the expected visit of the Iraqi oil minister to Kuwait," hoping that "there will be a final agreement on this subject during the next two months."
 
"We are trying to have a sound basis for the agreement, but for details, there will be no problem," he said.
 
On the meeting with the Iraqi side on the electric connection, the Kuwaiti Minister of Electricity, "Iraq is the gateway to Kuwait to Europe, so the GCC countries are talking with him to be an electrical link between us as a first point, and then with Turkey, "He said.
 
It is noteworthy that there is a preliminary agreement for the export of Iraqi gas to Kuwait to pay the remaining amounts of compensation of the war in Kuwait, which is estimated at more than 6 billion dollars, which is hoped to be completed in 2022.

http://translate.googleusercontent.com/translate_c?depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=ar&sp=nmt4&tl=en&u=http://www.alliraqnews.com/modules/news/article.php%3Fstoryid%3D72279&xid=17259,15700023,15700124,15700149,15700168,15700173,15700186,15700201&usg=ALkJrhgZGsv5Q5vyBN6YSTTBG8VnbyxySg
[/ltr]

Edited March 30, 2018 by dinareffic

[yota691]

Kuwaiti official: understanding on the import of gas from Iraq in its final stages

 

energy Economy News Baghdad: The Deputy Minister of Oil of Kuwait, acting on the understanding that the import of gas from Iraq is in the final stages after taking major action. According to Al-Rai newspaper, Sheikh Talal Al-Nasser Al-Sabah said that "the privileges offered by Iraq along the border is not among the common fields with Kuwait." He stressed that "there is information we agree with the Muslim Brotherhood in Iraq and we exist and we know everything and understanding and will hear only what pleased the political leadership." He stressed that Kuwait has maintained its rights in full, saying: "We know and we are aware of all that is happening and there are understandings between us and Iraq." On the existence of any indicators on the fields of Khafji and Al-Wafra, he said that "the issue is related to the completion of environmental projects," pointing out that once the completion of environmental projects that are being completed and will be implemented in the first half of 2019 there will be indicators. As for oil prices, Sheikh Talal Al-Nasser said: "As long as global stocks are falling, this is a sign of success for the agreement to cut production." "The support for these prices is the last meeting that extended the agreement beyond 2018, and the statement of Saudi Energy Minister Khalid Al-Falih two days ago that the agreement may be extended to 2019," Nasser said. "The price of a barrel of oil now ranges between 62 and 63 dollars, and I think it is a reasonable price at the moment, and we expect not to fall below 60 or 55 dollars per barrel within six months," he said, hoping to rise to the level of $ 70 a barrel. Views 351   Date Added 02/04/2018

[yota691]

Iraq is resuming payment of compensation for Saddam Hussein's invasion of Kuwait and that is the amount

 Twilight News    
 2 hours ago

The Iraqi authorities have resumed paying compensation to Kuwait because of former President Saddam Hussein's 1990 invasion of Iraq, with $ 90 million approved on Friday.

The first installment approved by the United Nations Compensation Commission since 2014 when payments were suspended after extremists took control of large areas of Iraq.

The 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.

The Committee decided that Baghdad would pay $ 52.4 billion in compensation to individuals, corporations, government organizations and others who suffered losses directly resulting from the invasion and occupation of Kuwait.

The source of the funds is a tax imposed on sales of oil and Iraqi oil derivatives.

With the payment approved on Friday, the Commission paid a total of $ 47.9 billion to some 1.5 million complainants.

Until it stops paying in 2014, Iraq has agreed to impose the tax, but some still wonder if this is fair for a country struggling to rebuild it after Saddam Hussein was toppled in a 2003 invasion.

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[yota691]

Iraq to resume payment of compensation to Kuwait

Date of release: 2018/4/20 22:14 • 154 times read

{International: Euphrates News} Iraq resumed today, paying compensation to Kuwait because of the invasion of the former regime in 1990, with the approval of $ 90 million Friday.

This is the first installment approved by the United Nations Compensation Commission since 2014, when payments have been suspended after a tight control over large areas in Iraq. 
The UN Security Council approved the formation of the commission in 1991, the year in which the US-led coalition forces pushed President Saddam Hussein's forces out of Kuwait. 
The Commission decided to pay Baghdad $ 52.4 billion in compensation to individuals, corporations, government organizations and others who suffered losses directly resulting from the invasion and occupation of Kuwait. 
The source of the funds is a tax imposed on the sale of oil and Iraqi oil derivatives. 
With the payment approved on Friday, the committee paid a total of $ 47.9 billion to 1.5 million complainants.

[ChuckFinley]

Moving forward, looking good for us.  

[markb57]

paying Kuwait, buying a refinery....wow gives?

[yota691]

Iraq is resuming payment of compensation to Kuwait for its invasion

After a four-year suspension ...

 

 

 21/04/2018 - 00:53

 

 

 

 

Iraq has resumed payment of compensation to Kuwait for its damage to the destruction of its 1990 invasion by the Iraqi regime, with the approval of the payment of $ 90 million on Friday, the first installment approved by the United Nations Compensation Commission since 2014, when operations were suspended Push after the control of an organization calling on large areas in Iraq.

The UN Security Council approved the formation of the commission in 1991, the year in which the US-led coalition forces expelled Saddam Hussein's forces from Kuwait.

The Committee decided that Baghdad would pay $ 52.4 billion in compensation to individuals, corporations, government organizations and others who suffered losses directly resulting from the invasion and occupation of Kuwait.

And the source of the funds that will pay a tax imposed on sales of oil and Iraqi oil derivatives.

With the payment approved on Friday, the Commission paid a total of $ 47.9 billion to some 1.5 million complainants.