VOL.XXXIXNo.65/66

23/30-December-1996KUWAIT

UNCCAwards KOC $610Mn For Oil Fires The Governing Council of the United Nations Compensation Commission (UNCC)awarded to the Kuwait Oil Company (KOC) on 17 December compensation amounting to$610mn for the expenses incurred in putting out oil fires started by Iraqduring the final days of the Gulf war. Three years ago KOC filed a claim for$950mn with the UNCC against Iraq stating that, out of 914 oil wells, KOC hadhad to put out 603 fires, that a...