Update for the period
1 January to 7 January 2000
During the week to 7 January, Iraq exported a
total of 6.9 million barrels of crude oil, in five
loadings, for an estimated revenue of $151 million
dollars. Since oil exports under phase VII began
there have been 40.1 million barrels exported for an
estimated revenue of $850 million.
In phase VII, the Security Council's 661 Committee
has approved a total of 64 contracts for the sale of
Iraqi oil with a total volume of 202.2 million
barrels (115.1 m Basrah Light, 87.1m Kirkuk).
The Office of the Iraq Programme has now received
1439 contracts for humanitarian supplies worth $3.02
billion under phase VI. Of the 958 contracts
circulated to the Security Council's 661 Committee,
656 worth $1.33 billion have been approved. So far $1.57
billion worth of contracts for humanitarian supplies
have been approved under phase IV and $1.56 billion
under phase V.
At present there are 445 contracts worth $1.432
billion dollars for the purchase of humanitarian
supplies on hold: in phase IV, 22 contracts worth $36.6
million dollars are on hold; in phase V, 168
contracts worth $488.4 million and in phase VI, 255
contracts worth $568.2 million.
In Phases IV to VI, OIP has received 1969
contracts worth $1.24 billion for the supply of oil
industry spare parts and equipment. Of these
contracts, the 661 Committee has approved 890 worth $580.7
million and put 430 worth $207.46 million on hold. (note: a full
listing of humanitarian and oil sector contracts for
Phases V and VI and and their current status is
available on the OIP website)..
Meanwhile humanitarian supplies continue to arrive
in Iraq. Arrivals over the past week include: 51
thousand tonnes of wheat, 7889 tonnes of sugar, 3947
tonnes of detergents and toilet soaps.
