By John Lee. Kuwait's Oil Minister, Essam Al-Marzouq, has said his government has agreed to receive natural gas from Iraq in part payment of it Gulf War reparations. According to a report from BasNews, Iraq will initially send 50 million cubic meters of natural gas (per day?), later increasing to 200 million cubic meters; KUNA […]
By John Lee. Finance Minister Hoshiyar Zebari (pictured) has said that Kuwait has postponed the final instalment of reparations for Iraq's 1990-91 occupation until 2017. The move, requested by Iraq, will help alleviate the cash crisis in Baghdad caused by lower oil prices and war with the Islamic State group (IS, ISIS, ISIL). According to Reuters, […]
By John Lee. Iraqi Foreign Minister, Dr. Ibrahim Al Ashaiqer Al Jaafari, has said that Iraq appreciates Kuwait's agreement to postpone payment of the remaining debt (reparations) due to be paid by Iraq this year until 2017. The minister praised the Kuwaiti Government and people for their support of Iraq in its war against the […]
By John Lee. The U.N. Compensation Commission (UNCC) agreed on Thursday to allow Iraq to postpone its final payment of reparations to Kuwait for the Gulf War. Iraq will have until January 2016 to begin paying the remaining $4.6 billion (5.4 trillion Iraqi dinars) that it owes for the destruction of oil fields during its […]
By John Lee. Reuters reports that Kuwait has accepted an Iraqi government request to delay payment of $4.6 billlion in war reparations, pending further discussions in Geneva. The reparations were imposed by the U.N. Security Council following Iraq's 1990 invasion of Kuwait, but the country's finances have been strained by the falling oil price and […]
By John Lee. Iraq's Finance Minister, Hoshyar Zebari (pictured), has told Reuters that he is trying to postpone the final $4.6 billion installment of reparations for its 1990-91 occupation of Kuwait. To fund its reparations commitments, Iraq pays 5 percent of its crude oil exports to the U.N. Compensation Commission (UNCC). So far, nearly all […]
The United Nations Compensation Commission (UNCC), which settles the damage claims of those who suffered losses due to Iraq’s 1990 invasion of Kuwait, today made $1.19 billion (1.4 trillion Iraqi dinars) available to the Government of Kuwait. With today’s payment, the Commission has disbursed $46.7 billion, leaving approximately $5.7 billion remaining to be directed to […]
By John Lee. The United Nations Compensation Commission has paid $990 million to Kuwait resulting from Iraq's 1990 invasion of the country. The payment brings the total paid so far to $45.5 billion, leaving approximately $6.9 billion remaining to be paid. (Source: United Nations Compensation Commission) (Dollars image via Shutterstock)
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, […]
The United Nations Compensation Commission has made another $1,038,375,281 available to the Government of Kuwait for distribution to eight successful claimants in compensation for Iraq’s 1990 invasion. This payment leaves approximately $18 billion outstanding to six compensation awards. Successful claims are paid with funds drawn from the United Nations Compensation Fund, which is funded by […]
United Nations Secretary-General Ban Ki-moon has encouraged the Iraqi Government to act quickly to fulfil its obligations to find Kuwaiti or third country nationals, property and archives lost in Saddam Hussein’s invasion of Kuwait more than 20 years ago. In his latest report to the Security Council on the subject, Mr. Ban says that the […]
The state-owned Iraqi Airways is offering one of its old Boeing jetliners for sale as scrap as it continues to sell off the remnants of a decades-old fleet that was moved to neighbouring countries after Iraq's 1990 invasion of Kuwait. The 737-200, parked for years at Queen Alia International Airport in Amman, Jordan, had been […]
