Iraq: Iraq Seeks One-Year Deferral on Gulf War Reparations

Dec 17, 2014 | Stephanie Nebehay, Reuters
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Iraq has requested a one-year deferral of a $4.6 billion reparations payment for destroying Kuwait's oil facilities during its 1990-91 occupation, a U.N. official said on Wednesday.

The request comes as Iraq's economy is being battered by both low oil prices and war with Islamic State militants.

Kuwait and major powers on the ruling body of the U.N. Compensation Commission will consider the formal request at a special session in Geneva on Thursday, the official, who works on the commission, said.