Iraq pays a new compensation payment to Kuwait: 1.7 billion out of 52.4 billion dollars remain

Iraq pays a new compensation payment to Kuwait: 1.7 billion out of 52.4 billion dollars remain

Posted, 2021-04-29

Iraq pays a new compensation payment to Kuwait - 1.7 billion out of 52.4 billion dollars remainThe United Nations Committee on Settlement of Claims of Those Affected by the Iraqi Invasion of Kuwait in 1990 said Wednesday (April 28, 2021) that it paid an additional $ 380 million, bringing the total amount it paid to compensation claimants to $ 50.7 billion.

The committee clarified that accordingly, the Kuwaiti government has an amount of $ 1.7 billion, to meet a pending demand made by the Kuwait Petroleum Corporation for its lost oil production and sales as a result of damage to the oil fields.

The payments come from Iraqi oil revenues and are delivered every 3 months

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