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Tomorrow's Press / Baghdad welcomed the Oil Ministry, on Wednesday, the report of the committees of financial experts and compensation of the UN, which was held in Berlin last February and that the price of the respect for the Iraqi government to its obligations under international resolutions, as well as Iraq's commitment to work according to a comprehensive system to measure the amount of oil exported in accordance with the applicable standards in the oil industry.
Said Oil Minister Abdul Karim and coffee in a statement obtained by "tomorrow's Press," "The fifth report submitted by the Secretary-General of the United Nations to the Security Council the price of respect for the Iraqi government to its obligations under international resolutions, also praised the continued cooperation between the Committee of Financial Experts and the Committee on Compensation" .
He added that "the report of the committees of financial experts and compensation of the UN, which was held in Berlin last February on the sidelines of the third meeting of the Iraqi - German, stressed the commitment of Iraq to operate a comprehensive system to measure the amount of oil exported in proportion to the practices standard in force in the oil industry, a feat recorded in favor of the ministry ".
He stressed that the report was "praised the Iraqi government policies meet its international obligations."
He added that "Iraq's commitment to its international obligations enabled him to achieve his ambitions and aspirations and represent it in a clear acceptance of a member of the Transparency Initiative in the oil industry."
In the context of the conclusions reached on the issue of bail arrangements for the disbursement of payments to the Compensation Fund Board of Directors expressed its satisfaction with the constant conversion rate of 5% of the revenues from Iraqi oil sales and the equivalent of 5% of the value of non-cash payments to the Compensation Fund.
The Governing Council of the United Nations Compensation Commission as the authority responsible for the arrangements to ensure that the exchange of payments to the Compensation Fund, held its seventy-sixth in the period from 19 to 21 November 2013 was attended by a delegation from the Committee of Financial Experts Iraqi opening plenary session emphasized Chairman of the Committee reaffirmed the commitment of Iraq to fulfill its obligations.
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