Iraq Oil Report's Daily Brief compiles the most important news and analysis about Iraq from around the web.

UNSC update on Iraq’s compensation fund, disarmament

The Kuwait News Agency reports:

UN Security Council on Tuesday got an update from the UN Secretariat on Iraq's compliance with its Compensation Fund and disarmament obligations.

"There is no change as a result of the consultations. It was a quick update, " British Deputy Permanent Representative Philip J. Parham told KUNA following the closed-door consultations.

The UN Controller Maria Eugenia Casar briefed the Council on Iraq's compliance with its obligation regarding the Development Fund for Iraq (DFI) and the Compensation Fund, through which Iraq has to pay five percent of its oil proceeds to Kuwait and other victims of the 1990 Iraqi invasion.

Click here for the entire story