Kuwaiti newspaper reveals non-cash payment mechanism for Kuwait's compensation to Iraq



Saturday, 19 August 2017 12:12 PM

KUWAIT (AP)


Kuwait's compensation to Iraq will not be paid in cash, the Kuwaiti newspaper Al-Jarida reported. The newspaper said in its issue on Saturday,

Informed sources that the joint committees between the two countries are headed to file the compensation final agreement to invest in vital projects in Iraq with the import of Kuwait oil and gas materials, which contributes to strengthening relations of neighbors .

He stressed that there is no Kuwaiti intention to give up part of Those receivables of $ 4.6 billion.

The newspaper pointed out that Iraqi newspapers had said that Kuwait is about to waive some of the compensation due to the invasion in 1990, while hosting the donors conference for the reconstruction of areas liberated from «Daqsh» early next year.

She explained that Iraqi Prime Minister Haidar Abadi said last week that Iraq has resolved with the United Nations the oil-for-food issue and left nothing to hinder his release under the seventh item of compensation, but Kuwaiti compensation .

He added that negotiations are conducted between the parties on this file, which discussed during His last visit to Kuwait.

I hope to complete the resolution of this issue completely.

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