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


yota691
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Iraq and Kuwait agree on demarcation of oil border areas between the two countries
 
Number of readings: 5145 23-12-2018 05:06 PM
 
 

23-12-2018 05:06 PM

 

 

 

Iraqi Oil Minister Thamir al-Ghadhban said on Sunday that Baghdad and Kuwait had reached an agreement to appoint a consultant to demarcate border oil areas between the two countries. 
Ghadban said in a statement on the sidelines of the OPEC meeting that 'the advisory body will study the two areas adjacent to the border between them and based on the study data will take a satisfactory production policy of the parties',  indicating that 'the advisory body will be a global company and a very high level of work'.

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Good morning Yota, and, a fabulous end of the year to you my brother. 

 

A lot of agreeing between Iraq’s neighbors going on as of late, seems like they really want to  make things happen in 2019. Well, maybe a lot of hopium on my part, but, this has been a coin in the air for some time now with 2019 hopefully being the year of financial reform and the RV we all have been waiting for, first and foremost, Iraq. 

 

May 2019 bring you health, love and prosperity to you and yours Yota, and, thank  you for all your patience and efforts during 2018.  🙏

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37 minutes ago, Wiljor said:

Good morning Yota, and, a fabulous end of the year to you my brother. 

 

A lot of agreeing between Iraq’s neighbors going on as of late, seems like they really want to  make things happen in 2019. Well, maybe a lot of hopium on my part, but, this has been a coin in the air for some time now with 2019 hopefully being the year of financial reform and the RV we all have been waiting for, first and foremost, Iraq. 

 

May 2019 bring you health, love and prosperity to you and yours Yota, and, thank  you for all your patience and efforts during 2018.  🙏

Well stated Wiljor. 

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  • yota691 changed the title to Kuwaiti Minister of Trade and Ambassador discuss joint files and means of activating bilateral relations

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29-01-2019 11:42 AM 
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Agency of the orbit -

Baghdad

- Minister of Commerce Mohammad Hashim Al-Ani discussed on Tuesday with Kuwaiti Ambassador to Iraq Salim Ghassab Al-Zamanan the issues and topics related to the promotion and development of trade relations and increasing the volume of trade exchange.

"Iraq is keen to implement the government program and to embark on a new trade policy to open up to the international and Arab markets, including Kuwait, to benefit and exchange experiences and enter into joint agreements that serve their common interests," Al-Ani said. Iraq and Kuwait, which constitute an incentive for the two countries to strengthen relations and consolidate them on the economic, trade and investment.

For his part, Kuwaiti Ambassador Salim Ghassab stressed on his country's ambition that economic and trade relations should be developed and broad with Iraq in all fields and the importance of exchanging joint visits to develop a common vision to activate trade relations and increase the volume of trade exchange in the interest of the peoples of the two countries. In all areas that contribute to the construction of the provinces and cities liberated from gangs.

The two sides agreed to congratulate all the issues and issues discussed in the upcoming meeting between the Iraqi and Kuwaiti trade ministers, which the two sides seek to develop their trade relations and exchange common interests.

 

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Economy News _ Baghdad

The Minister of Commerce, Mohammed Al-Ani, discussed Tuesday with the Kuwaiti ambassador to Iraq the joint files and means of increasing the volume of trade exchange. 
"Trade Minister Mohammed Hashim Al-Ani met Kuwait's ambassador to Iraq Salim Ghasab al-Zamanan to discuss the issues and topics related to the promotion and development of trade relations and increase the volume of trade," the Commerce Ministry said in a statement received by the Ministry of Commerce. Others to be discussed in the upcoming meeting Minister of Commerce and Economy of Kuwait. " 
Al-Ani stressed during the meeting, "Iraq's keenness to implement the government program and to embark on a new trade policy to open up to the global and Arab markets, including Kuwait to benefit and exchange experiences and enter into joint agreements that serve their common interests."
He pointed out "the deep brotherly relations between Iraq and Kuwait, which are an incentive for the two countries to strengthen and consolidate relations on the economic, trade and investment." 
For his part, the Kuwaiti ambassador stressed his country's ambition to "develop economic and trade relations with Iraq and in all fields." 
He pointed out, "the uncle of his country to" contribute in all areas that contribute to the construction of the provinces and cities liberated from gangs and advocates " 
The statement said," The two sides agreed to create all the files and issues that are discussed in the meeting expected between the Iraqi and Kuwaiti trade ministers, The two sides to develop their trade relations and exchange of common interests. "


Views 20   Date Added 01/29/2019

 
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Minister of Commerce discusses with the Kuwaiti ambassador to Iraq the increase in the volume of trade exchange
 
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 money and business


Economy News _ Baghdad

The Minister of Commerce, Mohammed Al-Ani, discussed Tuesday with the Kuwaiti ambassador to Iraq the joint files and means of increasing the volume of trade exchange. 
"Trade Minister Mohammed Hashim Al-Ani met Kuwait's ambassador to Iraq Salim Ghasab al-Zamanan to discuss the issues and topics related to the promotion and development of trade relations and increase the volume of trade," the Commerce Ministry said in a statement received by the Ministry of Commerce. Others to be discussed in the upcoming meeting Minister of Commerce and Economy of Kuwait. " 
Al-Ani stressed during the meeting, "Iraq's keenness to implement the government program and to embark on a new trade policy to open up to the global and Arab markets, including Kuwait to benefit and exchange experiences and enter into joint agreements that serve their common interests."
He pointed out "the deep brotherly relations between Iraq and Kuwait, which are an incentive for the two countries to strengthen and consolidate relations on the economic, trade and investment." 
For his part, the Kuwaiti ambassador stressed his country's ambition to "develop economic and trade relations with Iraq and in all fields." 
He pointed out, "the uncle of his country to" contribute in all areas that contribute to the construction of the provinces and cities liberated from gangs and advocates " 
The statement said," The two sides agreed to create all the files and issues that are discussed in the meeting expected between the Iraqi and Kuwaiti trade ministers, The two sides to develop their trade relations and exchange of common interests. "


Views 164   Date Added 29/01/2019

http://economy-news.net/content.php?id=15234
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  • yota691 changed the title to Kuwaiti newspaper: Iraq paid Kuwait $ 300 million
 
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Economy News _ Baghdad

The Kuwaiti newspaper Al-Rai reported on Monday that Iraq has paid 300 million dollars to Kuwait

The newspaper said that "Iraq finally paid Kuwait $ 300 million in payment of a series of compensation owed by Baghdad to Kuwait for the losses and damage suffered by individuals, companies, government and international organizations as a result of the Gulf War."

The UN Commission on Compensation for the Damages of the Iraqi Invasion of Kuwait has obliged Baghdad to pay $ 4.6 billion in cash, but these payments have been suspended since October 2014 due to security challenges and budgetary problems faced by Iraq, but the payment was resumed at 0.5 percent of Iraq's revenues Starting from 2018, and will increase annually until the end of 2021, by 300 million dollars every three months.


Number of views 28   Date added 04/02/2019

 
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Iraq pays Kuwait $ 300 million

Iraq pays Kuwait $ 300 million
 


 Twilight News    
 2 hours ago

Iraq has paid Kuwait $ 300 million in damages to Baghdad for damages caused by the invasion of Kuwait in 1990. 
The payment of compensation has been suspended since October 2014 due to security challenges and financial problems , the newspaper Al-Rai reported on Monday . Which Iraq has faced. 
The UN Compensation Commission in 2017 accepted an Iraqi proposal to allocate 0.5% of its oil revenues in 2018 to pay $ 4.6 billion to Kuwait until 2021. In 2000, the UNCCD decided to pay Iraq $ 14.7 billion in compensation for the invasion losses.

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Monday, February 4
 
 
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Alsumaria News / Baghdad, said the newspaper " Al Rai" Kuwait on Monday, to pay Iraq $ 300 million to Kuwait , the newspaper said, " The Iraq paid to Kuwait finally $ 300 million down payment from a series of compensation committed by Baghdad to Kuwait due to the losses and damages suffered by individuals, companies , The government, and international organizations as a result of the Gulf War . " 

The UN Commission on Compensation for the Damages of the Iraqi Invasion of Kuwait has obliged Baghdad to pay $ 4.6 billion in cash, but these payments have been suspended since October 2014 due to security challenges and budgetary problems faced by Iraq, but the payment was resumed at 0.5 percent of Iraq's revenues Starting from 2018, and will increase annually until the end of 2021, by 300 million dollars every three months.

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Iraq's policy pays Kuwait $ 300 million
Iraq pays Kuwait $ 300 million
 
 Twilight News    
 
 2 hours ago
 
 

Iraq has paid Kuwait $ 300 million in damages to Baghdad for damages caused by the invasion of Kuwait in 1990. 
The payment of compensation has been suspended since October 2014 due to security challenges and financial problems , the newspaper Al-Rai reported on Monday . Which Iraq has faced. 
The UN Compensation Commission in 2017 accepted an Iraqi proposal to allocate 0.5% of its oil revenues in 2018 to pay $ 4.6 billion to Kuwait until 2021. In 2000, the UNCCD decided to pay Iraq $ 14.7 billion in compensation for the invasion losses.

 
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2 hours ago

KUWAIT RECEIVES NEW COMPENSATION PAYMENTS FROM IRAQ

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A Kuwaiti newspaper reported Monday that Iraq paid $ 300 million to Kuwait.

"Iraq recently paid Kuwait $ 300 million as a payment of a series of compensations owed by Baghdad to Kuwait because of losses and damage suffered by individuals, companies, the government and international organizations as a result of the Gulf War," the Kuwaiti newspaper Al-Rai reported.

The UN Commission on Compensation for Damages of the former regime's invasion of Kuwait has previously committed Baghdad to paying $ 4.6 billion in cash, but payments have been stalled since October 2014 due to security and budgetary challenges faced by Iraq, Of Iraq's oil revenues starting in 2018, and will increase annually until the end of 2021, by 300 million dollars every three months. End / p

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2019/04/23 16:52
  • Number of readings 173
  • Section: Iraq
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Kuwait compensation committee confirms Iraq: the remaining 4.1 billion dollars

BAGHDAD (Reuters) - A UN panel said on Tuesday (April 23rd, 2019) that it had paid $ 240 million to the national oil company in Kuwait.

"A United Nations commission that oversees claims for compensation by States and organizations affected by Iraq's invasion of Kuwait in 1990-1991 paid $ 240 million to the Kuwaiti National Oil Police," the Federal News Network website said in a statement.

She added that "the last tranche reaches 48.3 billion dollars of the amount paid since 2005," stressing that "Iraq should allocate 1.5% of export sales of oil to the Compensation Fund."

"The remaining claim, which includes the last batch, comes from Kuwait Petroleum Corporation (KPC), about $ 4.1 billion of its $ 14.7 billion claim for oil production losses and sales resulting from damage to the country's oilfields," she said.

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  • yota691 changed the title to A new Iraqi compensation payment to Kuwait
 
Wednesday, April 24,
 
 
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BAGHDAD ( Reuters) -
The compensation committee for Iraq's invasion of Kuwait announced Wednesday that it had paid $ 240 million to the Petroleum Corporation. 

According to the agency "Associated Press", the Committee pointed out that the remaining claim, is compensation for the Petroleum Corporation, where about 4.1 billion dollars of its total claims of 14.7 billion. Iraq

should now allocate 1.5 percent of its oil sales to the Compensation Fund, instead of 0.5 percent, which has been in operation since 2018, the committee said.

 

 


The UN Commission on Compensation for the Damages of the Iraqi Invasion of Kuwait has obliged Baghdad to pay $ 4.6 billion in cash, but these payments have been suspended since October 2014 due to security challenges and budgetary problems faced by Iraq, but the payment was resumed at 0.5 percent of Iraq's revenues Starting from 2018, and will increase annually until the end of 2021, by 300 million dollars every three months.

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  • yota691 changed the title to The Compensation Commission pays Kuwait $ 240 million
 
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Economy News _ Baghdad

The United Nations commission overseeing reparations from countries and organizations affected by Iraq's occupation of Kuwait in 1990 said it had paid 240 million dollars to the Kuwait Oil Corporation for damages. 
The Associated Press reported in a news item, "Economy News", the Committee said that "with the final payment, the total amount spent as compensation to Kuwait about 48.3 billion dollars since 2005, and Iraq to allocate 1.5 percent of export sales of oil to the Compensation Fund" . 
"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.

 

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Views 58   Date Added 04/24/2019
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Date of release:: 2019/4/24 14:24  121 times read
UN receives new payment of Iraq's compensation to Kuwait
The United Nations commission overseeing reparations from countries and organizations affected by Iraq's occupation of Kuwait in 1990 announced that it had paid 240 million dollars to the Kuwait Oil Corporation for damages caused by the invasion of the ousted regime of the state.
"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 oil export sales to the Compensation Fund," the committee said in a statement. 
"It 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," she said. 
The committee noted that "Iraq still has to pay about 4.1 billion dollars of KPC's claims of $ 14.7 billion for losses of oil production and sales resulting from damage to the oil fields in the country as a result of the invasion."
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  • yota691 changed the title to Iraq to pay compensation of $240 million to Kuwait: UNCC

Iraq to pay compensation of $240 million to Kuwait: UNCC

7 hours ago

 

KUWAIT CITY, April 24: The United Nations Compensation Commission (UNCC) has announced the payment of a new batch of Iraqi compensations worth $240 million to Kuwait, precisely to Kuwait Petroleum Corporation (KPC), reports Al- Rai daily.

 

According to a report issued by the Associated Press, UNCC explained that the remaining claim is the compensation owed to KPC. Iraq should pay nearly $4.1 billion from its total claims of $14.7 billion.

Iraq currently has to allocate 1.5 percent of its oil sale revenues for the compensations fund instead of 0.5 percent that was decided in 2018. Meanwhile, Kuwait Petroleum Corporation (KPC) has obtained approval from the Cabinet to borrow from financial institutions to finance its investment programs in the next five years, reports Al-Anba daily.

Speaking to the daily, a reliable source from the oil sector revealed that KPC needs to borrow KD16 billion and it has four options in this regard – borrow from local banks in Kuwaiti dinars, borrow from global commercial banks in US dollars, issuance of bonds and borrow from export credit agencies.

The source said KPC is currently taking steps to obtain credit classification international classification agencies as it is a requirement for releasing bonds

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www.alsumaria.tv/news/alsumariav3-articles/303014/الامم-المتحدة-تدفع-240-مليون-دولار-للكويت-نيابة-عن?src=web-push&utm_campaign=Softimpact-Web-Push&utm_s.............

UN pays $ 240 million to Kuwait on behalf of Iraq

2019-05-04 19:46
UN pays $ 240 million to Kuwait on behalf of Iraq
 
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Source:
 
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The United Nations Compensation Commission announced on Saturday that it had paid a sum of money to Kuwait on behalf of Iraq.

The Commission said in a statement read by Alsumaria News, "The Commission paid $ 240 million to a Kuwaiti oil company as compensation for war, stressing that" Iraq should now allocate a total of 1.5% of its oil exports to the Compensation Fund. " 

She added that" the issue that was paid compensation Of which is one of 1.5 billion dollars in total funds required to compensate more than one hundred organizations and a Kuwaiti official circle. "
 

Earlier, Iraq had paid millions of dollars in war compensation from former regimes against Kuwait.
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Parliamentary oil reveals that Kuwait is drilling wells inside the Iraqi border

09:37 - 14/05/2019
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Information / Baghdad ..

A member of the Committee on oil and energy parliamentary, Mohammed Kamel Abu al-Hill, on Tuesday, the Kuwaiti side drilling oil wells within the Iraqi border by drilling slant towards Iraq , pointing out that this drilling did not issue any position by the government.

"Kuwait is drilling its oil wells at the Iraqi border, using the method of drilling slant towards Iraq , which confirms the fact that the extracted oil is from inside Iraq and not from Kuwait," Abu al-Hill said in a statement .

"The central government, despite its knowledge of the matter, has not reacted to what Kuwait is doing in the common fields between the two countries," he said.

"The oil and energy committee, especially after the selection of committee chairmen, will discuss the issue of exploiting Iraqi lands to extract oil for Kuwait and take the necessary action," Abu al-Hill said.Ending / 25 n

https://www.almaalomah.com/2019/05/14/406122/

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Parliamentary Energy Committee: Kuwaiti oil wells within the Iraqi border

14/05/2019 02:48 PM | Number of readings: 152

Parliamentary Energy Committee: Kuwaiti oil wells within the Iraqi border


Al-Ahed News - Baghdad

A member of the oil and energy parliamentary committee, Mohammed Kamel Abu al-Hill, on Tuesday, the Kuwaiti side to dig oil wells inside the Iraqi border by drilling slant towards Iraq, pointing out that this drilling did not issue any position by the government.

"Kuwait is drilling its oil wells at the Iraqi border, using the method of drilling slant towards Iraq, which confirms the fact that the oil extracted is from inside Iraq and not from Kuwait," Abu al-Hill said in a press statement.

He added that "the central government, despite its knowledge of the subject, but did not move silent about what Kuwait is doing in the fields common between the two countries."

The Abu Hail, "The Committee on oil and energy, especially after the selection of chairmen of the committees will discuss the issue of the use of Iraqi land to extract oil for Kuwait and take the necessary action."

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Monday، 20 May 2019 12:13 AM

Iraq plans to exempt some Kuwaiti products from custom duty: source

https://www.thebaghdadpost.com/en/Story/40725/Iraq-plans-to-exempt-some-Kuwaiti-products-from-custom-duty-source

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Cargo - Pexels - Kai Pilger

Iraq's Ministry of Trade has asked its Kuwaiti counterpart to submit the names of the main national goods that can be exported to Baghdad, in preparation for the probability to exempt them from customs duty, Kuwait Journal cited sources as saying.

Such Iraqi move came at the request of the Kuwaiti Ministry of Commerce and Industry to facilitate trade between the two countries and strengthen the bilateral ties, the sources said.

The ministry contacted Kuwait's Chamber of Commerce to report the main goods that could be included in the Iraqi potential list of tax exempted goods.

 

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  • yota691 changed the title to Iraq pays 270 million dollars for compensation for the invasion of Kuwait
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