Resolution 705 (1991)
of 15 August. 1991

The Security Council,

Having considered the note of 30 May 1991 which the
Secretary-General submitted pursuant to paragraph 13 of his
report of 2 May 1991 82 and which was also annexed to his letter
of 30 May 1991 addressed to the President of the Security
Council 89,

Acting under Chapter VII of the Charter of the United
Nations,

1. Expresses its appreciation to the Secretary-General for
his note of 30 May 1991;

2. Decides that, in accordance with the suggestion made
by the Secretary-General in paragraph 7 of his note, compensation to be paid by Iraq, as arising from section E of resolution
687 (1991) of 3 April 1991, shall not exceed 30 per cent of the
annual value of its exports of petroleum and petroleum
products;

3. Decides also, in accordance with paragraph 8 of the
Secretary-General’s note, to review the figure established in
paragraph 2 above from time to time in light of data and
assumptions contained in the Secretary-General’s letter of 30
May 1991 89 and other relevant developments.

Adopted unanimously at the 3004th
meeting.
