Kuwait: 5.7 billion dollars worth of Iraqi compensation remaining
Kuwait: 5.7 billion dollars worth of Iraqi compensation remaining
October 3, 2014 10:51
Kuwait has confirmed that the remaining amounts of the value of the compensation for the loss of the Iraq war are estimated at 5.7 billion dollars and that after the receipt of $ 1.19 billion on July 24, last up to pay compensation to its final stages. According to the Journal Gazette , said chairman of the General Authority for Assessment of Compensation for the loss of Iraqi aggression Khaled Almudaf at the opening of the session the 78 of the UN Commission for compensation for the loss of Iraqi aggression that «to promote the further Kuwait receipt of these payments depends on the continued flow of resources into the Compensation Fund in accordance with the resolutions of the Security Council relevant ». Deposit regular and added «Kuwait stresses the need to continue filing regular in the Compensation Fund for five percent of the proceeds from all export sales of Iraqi petroleum and petroleum products, natural gas, according to UN Security Council Resolution 1956 as well as five percent of the value of any payments other than cash for oil and petroleum products and natural gas ». said that «Kuwait recognizes Iraq’s commitment to continuous and this replaces our appreciation and respect» while also stresses «the importance of continuing to maintain a transparent mechanism to ensure scrutiny of the amounts transferred to the Compensation Fund as the continuation of the deposit These amounts are in the Compensation Fund will bring us closer all of the final achievement of the mission of the Board of Directors regarding the payment of full compensation approved by the Council of the State of Kuwait ». remaining amounts and pointed to the need to be reminded that «ensure the payment of the remaining amounts owed to Kuwait is the responsibility of the Board of Directors in accordance with its primary functions but this should not be on the committee United Nations Compensation Commission that the shrinking of its efforts until full payment of the amounts ». also pointed to the Governing Council decision No. 252 on claims (competing Dual), which calls to recover the overpayment from the final payments to Kuwait, adding that «the Kuwaiti government approved plans to pay the full amounts Recovered in the near future rather than deducted from the final payments ». said he «Based on the recommendations of the Board of Directors and in close cooperation with the members of the Council, the Government of the State of Kuwait wishes to reiterate its commitment on the program of environmental claims and continue its efforts to achieve its goals to meet the aspirations of the Council and the rehabilitation of the environment».
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