United Nations to continue to transfer 5% of our revenues from oi

by geezer Wed Jan 04, 2012 1:54 pm

On: Wed, 01/05/2012 6:16

□ New York / agencies
expressed the Secretary-General of the United Nations Ban Ki-moon expressed his satisfaction for the continuation of Iraq transfer 5% of its oil revenues to the United Nations Fund for compensation according to the UN Security Council resolution. He emphasized that at the same time the need for an assessment of the following account of the United Nations Fund for Iraq's development .
. He said while the evidence shows the existence of positive and indicate to the Iraqi government's commitment to its obligations but only after an assessment of the following account of the United Nations Fund for the Development of Iraq can confirm this. "

He said that the Board of Governors of the Compensation Committee of the Geneva-based oversees actively on developments in the wake of the end of the mandate of the Advisory Committee and international regulatory, Iraq, on June 30 last year, and Iraq's transfer of funds from the proceeds and use of the Committee of Financial Experts in Iraq.
The Committee appointed company ( Ernst & Young) U.S. to do the assessment for the year 2011 to the United Nations Fund for the Development of Iraq, and his account.
He said Ban Ki-moon that the Compensation Commission and the Comptroller met in July with the Chairman of the Committee of Financial Experts Iraq, who reiterated that arrangements for transfer of five percent of the proceeds of sales of Iraqi oil and gas will not to change.
He said that the Commission and the Comptroller stressed the need for government accountability mechanism appropriate to ensure the enrollment of five percent and the transfer of similar value to the Compensation Fund.
He said that the Compensation Commission affirmed its position to the Iraqi government in the months of September and October two awaiting confirmation from the Commission for Iraqi mechanism. He added that the Iraqi Committee took responsibility Alahrava on sales of Iraqi oil instead of the Advisory Committee and the international regulatory in the month of June.
and Kuwait received from the Compensation Commission batches over a billion dollars first on July 28 and the second October 27 two years.
and expect to receive Kuwait the next installment the same amount in 26 of the mont