Sources claimed that recent phone conversations between Kuwait’s Prime Minister HH Sheikh Jaber Al-Mubarak Al-Sabah and his Iraqi counterpart Nouri Al-Maliki to exchange Ramadan greetings “ featured an agreement to prepare final agreements to be signed during Sheikh Jaber’s visit to Baghdad before the end of the year.”
The final agreements were made last April during a meeting held by a supreme joint committee formed by the two countries to address unresolved issues such as border demarcation. Sources indicate that “instructions were issued by the government of the two countries to speed up the process of executing the topics mentioned in the signed agreements.”
The final agreement puts an end to the border demarcation issue, as well as organizing a navigation at the Khor Abdullah, in addition to stopping the infiltration of Iraqi fishermen into Kuwait’s territorial waters. The two sides should also implement the investment obligations of the settlement reached over Iraqi Airways’ dues to its Kuwaiti counterpart.
The settlement calls for the Kuwait Airways Corporation to be compensated with $ 300,000 in cash, while the remaining $ 200 million will be invested in joint projects between the two countries.
Meanwhile, the Ministry of Oil in Iraq announced yesterday that the supreme joint committee “helped resolve a huge part of issues remaining between Kuwait and Iraq pertinent with organizing work at joint oil fields including unifying production.”
This was stated by Laith Al- Shaher, Ministry’s General Director of Legal Department. They added that the joint committee was able to achieve “significant results to launch a new phase in economic relations.”
