Kuwait demands Iraq to pay US $ 168 billion as compensation for occupation

A Kuwaiti official announced on Saturday that the Kuwaiti government asked the UN compensation committee for demands exceeding US $ 168 as a compensation for the Iraqi occupation.

The director general of the general commission for estimating the compensations Adel Asem said that what had increased the compensation was the demand made by the general commission for investment of US $ 86 billion as compensation for the " lost investment opportunities during the investigation."

He added that Kuwait also asked the compensation committee individual demands estimated at US $ 7.5 billion while various ministries in Kuwait asked for compensation of more than US $ 50 billion.

Meantime, an economic report released by "al-Shaal" institute for economic consultation said that Kuwait achieved record revenues estimated at US $ 17 billion during the fiscal year which ended on June 30, due to the high increase in oil prices. He explained that oil revenues which are estimated at US $ 15.6 billion are unprecedented since 1990 and constitutes 91.8 % of the revenues.