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UN Security Council
Resolution 705 |
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| Date: | 15 August 1991 |
| Meeting no.: | 3,004 |
| Code: | S/RES/705 (Document) |
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| Vote: | For: 15 Abs.: 0 Against: 0 |
| Subject: | Iraq |
| Result: | Adopted |
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| Security Council composition in 1991: | |
| permanent members: | |
| non-permanent members: | |
| AUT BEL CIV CUB ECU | |
| IND ROU YEM ZAI ZIM | |
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| Basra oil terminal (2004) | |
United Nations Security Council Resolution 705, adopted unanimously on August 15, 1991, after considering a note by the Secretary-General, the Council decided that compensation paid by Iraq to the United Nations Compensation Commission arising from Resolution 687 (1991) should not exceed 30 per cent of the annual value of its exports of petroleum and petroleum products.
The resolution, passed under Chapter VII of the United Nations Charter, allowed Iraq to export oil in return for humanitarian aid; however this resolution, along with Resolution 712, were both initially rejected by Iraq.[1] Oil exports from Iraq were banned after its invasion of Kuwait on August 2, 1990.
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