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

[yota691]

Published: Thursday - 2019-07-04 - 03:48

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Gutierrez: Iraq has paid 48.3 billion dollars in compensation to Kuwait so far

  

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New York - Anatolia

UN Secretary-General Antonio Gutierrez told the UN Security Council on Wednesday that the total amount Iraq paid to Kuwait for the invasion of Saddam Hussein in 1990 has so far reached $ 48 billion and $ 300 million. 

This was stated in the semi-annual report of the Secretary-General to members of the Council on Iraq's compliance with resolution 1483 (2003). 

Under the resolution, Iraq will deposit 5 per cent of its export revenues from sales of oil, its products and gas into an international fund established under the name of the United Nations Compensation Fund. 

In 1991, a UN Compensation Commission was formed, committing Baghdad to 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 report of the Secretary-General to the Security Council deals with developments since the issuance of his fifteenth report on 7 January 2019. 

"Since the issuance of my previous report, the Compensation Commission has paid two quarterly installments to Kuwait, the first of $ 100 million on January 18, 2019, and the second $ 240 million on April 23, 2019," Guterich said in his report, which was seen by Anatolia. . 

"After the payment of these payments, the total compensation paid by the Committee so far is 48.3 billion dollars, and thus remain about $ 4.1 billion, should be paid to Kuwait to settle the last remaining claim." 

"Based on the current revenue levels of the Fund, the Commission is still going to pay the unpaid claim in 2021, which will end its mandate." 

In his report, the Secretary-General expressed satisfaction with the continuing commitment of the Government of Iraq to comply with its obligations to deposit the amounts due to the Fund.

[yota691]

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

Kuwait and Iraq

 23 July 2019 11:29 PM

Mubasher: A recent report said that the State of Iraq paid 270 million dollars compensation to Kuwait .

The United Nations said Tuesday that Kuwait had received an additional $ 270 million in compensation for damage caused by the Iraqi invasion in 1990, according to Al-Rai .

It is noteworthy that the United Nations formed the Compensation Commission in 1991, the same year the US-led coalition brought Iraqi forces out of Kuwait .

The committee was ordered to pay $ 52.4 billion to individuals, companies, government agencies and other organizations that suffered losses due to the Iraqi occupation of Kuwait .

The Commission said that in this final payment would have paid a total of 48.7 billion dollars, leaving 3.7 billion dollars of compensation .

[jg1]

14 minutes ago, yota691 said:

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

Kuwait and Iraq

 23 July 2019 11:29 PM

Mubasher: A recent report said that the State of Iraq paid 270 million dollars compensation to Kuwait .

 .

The Commission said that in this final payment .

Maliki would of had that in pocket change if you told him to empty his pockets. 

[yota691]

Because of Saddam Hussein ... Kuwaiti company gets 270 million dollars

Political | 04:40 - 23/07/2019

 

 

 

Baghdad - Mawazine News 
The United Nations Compensation Commission paid KNPC $ 270 million. 
The committee, based in Geneva, said that "this segment increases the amount of compensation paid to Kuwait to 48.7 billion dollars." 
The Commission approved applications for 1.5 million compensation claims submitted by 100 Governments and international organizations, all of which were paid for only one. 
The remaining request, which includes the final payments, originates from KNPC. 
About $ 3.7 billion of its $ 14.7 billion claim for oil production losses and sales resulting from damage to oilfields in the country is yet to be paid. 
The United Nations Compensation Commission is responsible for claims for compensation arising from Iraq's invasion of Kuwait (1990-1991)

[Butifldrm]

Iraq pays new compensation to Kuwait worth 270 million dollars

16:34 - 23/07/2019

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Information / Translation ...

The United Nations Compensation Commission (UNCC), which oversees compensation claims arising from the invasion of Kuwait's former regime, said on Tuesday it had paid $ 270 million in compensation to Kuwait Oil Company (KOC).

The Associated Press said in a report translated by the agency "Information", the Geneva-based Compensation Commission said that "this installment has received the amount of compensation to the amount of 48.7 billion dollars that Iraq has paid to Kuwait so far."

" Iraq must now allocate 1.5 percent of oil export revenues to the Compensation Fund and payments will be made once every three months," she said.

"The remaining claim, which includes the last batch, comes to Kuwait Petroleum Corporation (KPC), where about $ 3.7 billion of its $ 14.7 billion claim for oil production losses and sales resulting from damage to the country's oil fields is still to be paid as a result of the invasion, End

https://www.almaalomah.com/2019/07/23/419587/