World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search


Over $1 Billion in Reparations for Iraq's Invasion of Kuwait

UN Panel Pays Out Over $1 Billion in Reparations for Iraq's Invasion of Kuwait

New York, Jul 25 2013 - 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 $1.07 billion available to the Government of Kuwait.

The remaining category E claim was submitted by the Government of Kuwait on behalf of the Kuwait Petroleum Corporation, stated a news release issued by the Geneva-based Commission.

In 2000, the claim was awarded $14.7 billion for oil production and sales losses as a result of damages to Kuwait's oil field assets and represents the largest award by the UNCC's Governing Council.

With this payment, the Commission has paid out $42.3 billion of its total awarded amount of $52.4 billion to over 100 governments and international organizations for distribution to 1.5 million successful claimants in all claim categories, leaving approximately $10.1 billion remaining to be paid.

Successful claims are paid with funds drawn from the UN Compensation Fund, which is funded by a percentage of the proceeds generated by the export sales of Iraqi petroleum and petroleum products.

The UNCC's Governing Council has identified six categories of claims: four are for individuals' claims, one for corporations and one for governments and international organizations, which also includes claims for environmental damage.

The Commission was established in 1991 as a subsidiary organ of the UN Security Council. It has received nearly three million claims, including from nearly 100 governments for themselves, their nationals or their corporations.

For more details go to UN News Centre at


© Scoop Media

World Headlines


Binoy Kampmark: US Bomb Strikes Hospital In Kunduz

According to US military sources, “there may have been collateral damage” to the medical facility. “This incident is under investigation.” A statement issued by the office of the President Ashraf Ghani said that Army General John Campbell, chief of US-led forces in Afghanistan, apologised. More>>


Binoy Kampmark: The Fall Of Tony Abbott

The question was one of timing. The Coalition had been registering losses in poll after poll. The Abbott style hardly improved after a spill was forced on the party. Despite claiming that he would be ushering in a spring clean, he continued bypassing ministers and MPs... More>>



Pacific.Scoop: Smaller Pacific States Call For Coal Moratorium

PNG Loop: Leaders of the Pacific Smaller Island States have called on all nations – especially the advanced economies in the region – to rise to the challenge of climate change. They want to steer the world on a path where climate change is no longer a threat to earth. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news