By NNN-KUNA
Baghdad : Iraq will ask the UN Security Council to reduce from 5 to 1 per cent the amount of compensaton paid by the Iraqi government, from oil revenues, to the Kuwait for damages caused by the 1990-91 Iraqi invasion of the North Gulf state.
Finance Minister Baqer Al-Zubaidi, addressing a special parliamentary session Monday, said this issue had been discussed by Iraqi and Kuwaiti officials.
“This issue was discussed with attendance of President of the Republic (of Iraq) Jalal Talabani with officials in Kuwait,” he said.
“Iraq will submit a request to the Security Council to reduce the percentage to 1 instead of 5 of the value of sold oil,” Zubaidi told the lawmakers. He did not elaborate on the issue.
The Security Council informed the Iraqi government on Dec 14 last year the compensation issue was under the jurisdiction of the Geneva-based UN Compensation Commission (UNCC).