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.