To resume compensation of Kuwait starting in 2018 through investment and installment

by **RamblerNash** Sun Nov 26, 2017 9:30 pm

To resume compensation of Kuwait starting in 2018 through investment and installment

26-11-2017 01:58 PM

The Euphrates -

The Prime Minister's Advisor for Financial Affairs Mohamed Saleh's appearance on Sunday that Iraq has agreed to resume compensation of Kuwait from 2018 until the end of 2021 through investment and installment.

Saleh said in a press statement that 'Iraq agreed to resume compensation Kuwait starting in 2018 and through two routes, the first through the opening of investments, especially the investment of gas, and the second installment of the remaining compensation for four consecutive years.' Adding that Iraq has reached an agreement to pay compensation for the invasion of Kuwait in 1990 and the amount of 4.6 billion dollars in compensation for the destruction of its oil facilities and compensation for the victims of war ', indicating that' the compensation will be through the first two routes, through investments in oil and gas, and the second through the installment of the remaining compensation Over four years will start by 0.5% of its oil revenues in 2018, and will increase annually until the end of 2021.

He explained that the installment will start 0.5% per barrel of oil revenues in 2018, 1% in 2019, 3% 2020, and the remaining will pay Full in 2021.

http://www.alforat.info/index.php?page=article&id=52815