Iraq/Kuwait: Iraq to Pay Kuwait 1.5 Percent of Oil Proceeds as ‘Compensations’

Nov 8, 2018 | Arab Times
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United Nations Compensation Commission (UNCC) Governing Council said on Thursday that Iraq would pay, effective early next year, 1.5 percent worth of oil sales’ proceeds to the UNCC compensations fund. The council said in a statement said this move would be in line with its resolution 276/2017 with respect of installments’ payment in 2018. Kuwait, during inauguration of the current council session, expressed appreciation of the commission secretariat and its role in distributing repatriation installments.