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Kuwait postpones obtaining compensation from Iraq an additional year
7/28/15
The Iraqi Ministry of Foreign Affairs, on Tuesday, for the approval of Kuwait to defer the deduction of the amounts of compensation from Iraqi oil revenues, additional years, while the ministry expressed its appraised for this position of Kuwait. He said ministry spokesman Ahmad Jamal, "The Kuwaiti government decided to approve the postponement of the deduction of the amounts of compensation from Iraqi oil revenues year-old extra, from 2016 until 2017, in response to the request of Foreign Minister Dr. Ibrahim al-Jaafari. "
Jamal explained that Kuwait has agreed to request a postponement because of the sharp decline in oil prices, in addition to the additional expenses made by Iraq in the fight against terrorism ", He pointed out that "the Iraqi Foreign Ministry expresses high regard for this noble and crossing the depth of brotherly relations between Iraq and Kuwait attitude." and filed Iraq five percent of the proceeds from sales of petroleum, petroleum products and natural gas in the Compensation Fund pursuant to Security Council resolution 687 of 1991, to establish a fund to pay compensation to governments, companies or individuals who have suffered direct losses as a result of the Iraqi invasion of Kuwait in 1990 and the establishment of a committee to manage the fund. It was announced by former finance minister, Hoshyar Zebari, in (12 December 2014), that the final payment of damages amounting to $ 4.6 billion. The Kuwait announced, in (18 December 2014), approval of the request for Iraq to postpone the payment of the last batch of the Gulf War reparations.
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7/28/15
The Iraqi Ministry of Foreign Affairs, on Tuesday, for the approval of Kuwait to defer the deduction of the amounts of compensation from Iraqi oil revenues, additional years, while the ministry expressed its appraised for this position of Kuwait. He said ministry spokesman Ahmad Jamal, "The Kuwaiti government decided to approve the postponement of the deduction of the amounts of compensation from Iraqi oil revenues year-old extra, from 2016 until 2017, in response to the request of Foreign Minister Dr. Ibrahim al-Jaafari. "
Jamal explained that Kuwait has agreed to request a postponement because of the sharp decline in oil prices, in addition to the additional expenses made by Iraq in the fight against terrorism ", He pointed out that "the Iraqi Foreign Ministry expresses high regard for this noble and crossing the depth of brotherly relations between Iraq and Kuwait attitude." and filed Iraq five percent of the proceeds from sales of petroleum, petroleum products and natural gas in the Compensation Fund pursuant to Security Council resolution 687 of 1991, to establish a fund to pay compensation to governments, companies or individuals who have suffered direct losses as a result of the Iraqi invasion of Kuwait in 1990 and the establishment of a committee to manage the fund. It was announced by former finance minister, Hoshyar Zebari, in (12 December 2014), that the final payment of damages amounting to $ 4.6 billion. The Kuwait announced, in (18 December 2014), approval of the request for Iraq to postpone the payment of the last batch of the Gulf War reparations.
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