2011-07-01
Security Council end the functions of control and international advice and handing Iraq over $ 250 billion
بغداد ( إيبا ).. BAGHDAD ..
Received the Iraqi government, on Friday, billions of dollars in revenue from the sale of oil, which was subject to the supervision of an international committee of the United Nations, in the wake of the U.S. invasion in 2003.
The Security Council declared a formal end of the international functions of the control and international advice, which was to be supervised by the Development Fund for Iraq, the private oil export revenues, on June 30 last, to move those tasks to the Iraqi government as of Friday.
Coincides declaration delivered the Iraqi government, represented by a committee of financial experts, oil export revenues, which are estimated at $250 billion, over the past eight years, with continuing preparations for Iraqi and U.S. governments to withdraw about 47 thousand U.S. troops from Iraq by the end of the year.
The United Nations said in a statement Thursday, the Member States of the UN Security Council welcome the Iraqi government's efforts to finalize the arrangements for the transfer of responsibility for overseeing the Development Fund for Iraq, as of the first of July 2011.
The statement quoted the members of the Security Council that the Iraqi Committee of Financial Experts, which will oversee the functions of the proceeds of the Development Fund for Iraq, instead of body control and international advice, exercise authority in accordance with its terms of reference approved by the Iraqi government earlier this year.
He stressed the Security Council, according to the statement, the need for the Iraqi government to make sure that the oil sale proceeds will be used for the benefit of the Iraqi people, as well as making sure that arrangements for the transition process consistent with the Constitution and international practice, the best, out of respect for the principles of transparency, accountability and integrity.
The Security Council has issued a decree establishing the Development Fund for Iraq in May 2003, a month after the U.S. invasion, so that the depositing of proceeds from the sale of oil to the fund, instead of oil for food program, which was allowed to previous system using some of the proceeds for humanitarian purposes.
The Security Council resolution on the establishment of the Development Fund for Iraq, the allocation of 5 per cent of the proceeds from the sale of Iraqi oil to the Compensation Fund for Victims of the Iraqi invasion of Kuwait in 1990, and stressed the Council's statement that this requirement should be binding for any Iraqi government that enjoys international recognition.
In December of last year, the UN Security Council the lifting of most sanctions imposed on Iraq, but he decided to continue the international mandate to oversee the Development Fund for Iraq until the end of June last.
Iraq is one of the largest producers of oil and gas in the world, but that the sector suffered a long period spanning several decades, as a result of mismanagement and the economic blockade, then the U.S. invasion of Iraq. (End)
Security Council end the functions of control and international advice and handing Iraq over $ 250 billionبغداد ( إيبا ).. BAGHDAD ..
Received the Iraqi government, on Friday, billions of dollars in revenue from the sale of oil, which was subject to the supervision of an international committee of the United Nations, in the wake of the U.S. invasion in 2003.
The Security Council declared a formal end of the international functions of the control and international advice, which was to be supervised by the Development Fund for Iraq, the private oil export revenues, on June 30 last, to move those tasks to the Iraqi government as of Friday.
Coincides declaration delivered the Iraqi government, represented by a committee of financial experts, oil export revenues, which are estimated at $250 billion, over the past eight years, with continuing preparations for Iraqi and U.S. governments to withdraw about 47 thousand U.S. troops from Iraq by the end of the year.
The United Nations said in a statement Thursday, the Member States of the UN Security Council welcome the Iraqi government's efforts to finalize the arrangements for the transfer of responsibility for overseeing the Development Fund for Iraq, as of the first of July 2011.
The statement quoted the members of the Security Council that the Iraqi Committee of Financial Experts, which will oversee the functions of the proceeds of the Development Fund for Iraq, instead of body control and international advice, exercise authority in accordance with its terms of reference approved by the Iraqi government earlier this year.
He stressed the Security Council, according to the statement, the need for the Iraqi government to make sure that the oil sale proceeds will be used for the benefit of the Iraqi people, as well as making sure that arrangements for the transition process consistent with the Constitution and international practice, the best, out of respect for the principles of transparency, accountability and integrity.
The Security Council has issued a decree establishing the Development Fund for Iraq in May 2003, a month after the U.S. invasion, so that the depositing of proceeds from the sale of oil to the fund, instead of oil for food program, which was allowed to previous system using some of the proceeds for humanitarian purposes.
The Security Council resolution on the establishment of the Development Fund for Iraq, the allocation of 5 per cent of the proceeds from the sale of Iraqi oil to the Compensation Fund for Victims of the Iraqi invasion of Kuwait in 1990, and stressed the Council's statement that this requirement should be binding for any Iraqi government that enjoys international recognition.
In December of last year, the UN Security Council the lifting of most sanctions imposed on Iraq, but he decided to continue the international mandate to oversee the Development Fund for Iraq until the end of June last.
Iraq is one of the largest producers of oil and gas in the world, but that the sector suffered a long period spanning several decades, as a result of mismanagement and the economic blockade, then the U.S. invasion of Iraq. (End)
