§ Mr. CohenTo ask the Secretary of State for Foreign and Commonwealth Affairs what estimate he has made of(a) the total amount received by Iraq under oil sale-related agreements and (b) the amount taken as reparations. [23042]
§ Mr. FatchettSince December 1996 when Iraq accepted the "oil for food" scheme, Iraq has been permitted to sell US dollars 4 billion worth of oil. UNSCR 1143, which renewed the scheme in November 1997, allows for the sale of a further US dollars 2 billion worth of Iraqi oil. Thirty per cent. of the proceeds from Iraqi oil goes to the UN compensation fund which pays compensation claims from individuals, corporations and governments who suffered direct loss, damage or injury as a result of Iraq's unlawful invasion and occupation of Kuwait in 1990.