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Iraq compensates Kuwaiti debts with vital projects

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Rocky


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Iraq compensates Kuwaiti debts with vital projects



Baghdad - Agencies

Sources revealed that Iraq and Kuwait are heading towards closing the file of compensation between them, during the hosting of the last conference donors to restore the areas of the organization of a preacher in Iraq to be launched early next year.

The Kuwait sources said that the joint committees between the two countries tend to fold the file of compensation final agreement to invest in vital projects in Iraq, with the import of Kuwait oil and gas, which contributes to strengthening the relations of neighbors, adding that there is no intention of Kuwait to give up part Of those receivables of $ 4.6 billion.

The Iraqi Prime Minister, Haider al-Abadi, revealed last week, that Iraq has resolved with the United Nations oil for food, leaving nothing to hinder the release of under Chapter VII of the Kuwaiti compensation.

Abadi added that there is currently negotiations between the parties on this file, which he discussed during his recent visit to Kuwait, explaining that «a Kuwaiti delegation visited Iraq for this purpose.

On January 15, 1991, Iraqi forces set fire to more than 700 Kuwaiti oil wells, prompting the United Nations to issue a decision to force Iraq to pay financial compensation for losses suffered by the state during its occupation.

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Rocky


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Newspaper: Kuwait's compensation to Iraq will be paid in this way . (Chapter VII)


13:59 - 19/08/2017


Kuwait's compensation to Kuwait will not be paid in cash, the Kuwaiti newspaper Al-Jarida reported Saturday. (Chapter VII)

"The joint committees between the two countries are moving to finalize the compensation file by agreeing to invest in vital projects in Iraq, with the importation of petroleum and gas materials by Kuwait, which will contribute to enhancing the relations between the two neighbors," the newspaper said in a report issued today.

The paper added that "there is no Kuwaiti intention to waive part of those receivables of 4.6 billion dollars."

The newspaper pointed out that Prime Minister Haider al-Abadi had said last week that Iraq has resolved with the United Nations oil-for-food and left nothing to hinder the release of under Chapter VII of the Kuwaiti compensation. Ending / 25


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Rocky


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Kuwaiti war compensation to be investments and oil supply in Iraq, sources


8:57 AM ADMIN

Baghdad/ Iraq TradeLink: Iraqi sources reported that the joint committees with Kuwait are planning to close the compensations dossiers by investing the funds in vital projects in Iraq.

The sources added that Kuwait will import oil products and gas, but it will not cancel the compensations that remained .

By paying the 4.6 billion dollars for the war compensations, Iraq will be able to be exempted from Chapter VII of the UN Security Council.


On the other hand , Kuwaiti Al-Jareeda daily pointed that Kuwait is studying future alternatives for payments.
Posted in: Baghdad,Economy,Politics

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