Saturday 16 April 2011

Kuwait to seek seizure of Iraq oil assets

Kuwait Airways will seek compensation from Iraq for having allegedly stolen its aviation equipment and 10 aircrafts worth $1.2 billion during the first Gulf war, according to reports.

Christopher Gooding, a Kuwait Airways lawyer, told Iraqoilreport.com that following the end of international legal protections on Iraqi oil assets on June 30, 2011, the company will seek to enforce a 2006 English Supreme Court ruling against Iraqi Airways.

“From the First of July, it’s open season...we can enforce against any assets, including oil tankers and oil assets,” Mr. Gooding said.

No comments:

Post a Comment