Tag Archives | Compensation

Farmers Compensated for Oil Works in Wassit

By John Lee. The Iraqi Oil Ministry has announced that it has paid compensation of more than 3 million Iraqi dinars ($2.6 million) to farmers whose lands were damaged their lands because of oil projects in Wassit province. The amounts relate to the years from 2012 to early 2015, and were paid to 618 farmers. […]

Iraq Pays Another $1bn Compensation to Kuwait

The United Nations Compensation Commission has made available $1.03 billion to the Government of the State of Kuwait towards the Commission’s remaining claim with an outstanding award balance. The United Nations Compensation Commission was established in 1991 in accordance with Security Council resolutions 687 (1991) and 692 (1991) to process claims and pay compensation for […]

Kuwait “Still Owed $11bn from Iraq War”

By John Lee. The head of Kuwait’s Compensation Claims Commission, Khaled Al-Mudhaf, has told KUNA news agency that Iraq paid Kuwait $1.3 billion in January and $1.13 billion on 25th April, as part of the compensation due for the invasion in 1990. Arabian Business reports that during a speech at the Geneva-based UN Compensation Commission, […]

Compensation Payments Should Continue – UN

The UN on Tuesday expressed satisfaction that the Iraqi Government is willing to continue to pay five percent of its oil revenues into the Compensation Fund whether under the present mechanism or a successor mechanism to the Development for Iraq (DFI) whose mandate expires in December of this year. “It is important to ensure that […]