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05/01/2012: Date
Ban expressed his satisfaction for the continuation of Iraq in the transfer of five percent of the proceeds of oil sales
KUNA
Through the UN Secretary-General Ban Ki-moon expressed his satisfaction for the continuation of Iraq in the transfer of five percent of its oil revenues to the United Nations Fund for compensation according to the UN Security Council resolution.
He stressed that at the same time the need for an assessment of the following account of the United Nations Fund for the Development of Iraq.
He Ban Ki-moon said in a report to the Security Council was distributed last night expressed his appreciation to the Government of Iraq for its commitment to convert obsolete five percent of its oil revenues and the continued cooperation with the Compensation Committee.
"At the time the evidence shows the existence of positive and indicates the commitment of the Iraqi government pledges but only after an assessment of the following account of the United Nations Fund for the Development of Iraq can confirm this."
He said that the Board of Governors of the Compensation Committee of the Geneva-based supervises the active developments in the wake of the end of the mandate of the Advisory Committee and international regulatory, Iraq, on June 30 last year, and Iraq's transfer of money from the proceeds and use of the Committee of Financial Experts in Iraq.
The Committee appointed company (Ernst & Young) U.S. to do the assessment for the year 2011 to the United Nations Fund for the Development of Iraq, and his account.
He said Ban Ki-moon said that the Compensation Commission and the Comptroller met in July with the Chairman of the Iraqi Committee of Financial Experts, who reiterated that the arrangements for transfer of five percent of the proceeds of sales of Iraqi oil and gas will not change.
He said the Commission and the Comptroller stressed the need for government accounting mechanism appropriate to ensure the enrollment of five percent and the transfer of similar value to the Compensation Fund.
He said that the Compensation Commission has confirmed its position to the Iraqi government in the months of August and October two awaiting confirmation from the Commission for Iraqi mechanism.
He added that the Iraqi Committee assumed responsibility for overseeing the sales of Iraqi oil instead of the Advisory Committee and the international regulatory in the month of June.
Kuwait has received from the Compensation Commission more than two batches of the first billion dollars on July 28, October 27 and the second two years.
He predicted that Kuwait to receive the same amount the next installment in the 26 of this month.
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