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Oil-for-Food Background Information
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Update for the period 29 January to 4 February 2000
During the week to 4 February, Iraq exported a total of 11.8 million
barrels of crude oil, in twelve loadings, for estimated revenue of $303
million dollars. Since oil exports under phase VII began there have
been 88.9 million barrels exported for estimated revenue of $2143 million.
In phase VII, the Security Council's 661 Committee has approved a total
of 92 contracts for the sale of Iraqi oil with a total volume of 254.6
million barrels (150 m Basrah Light, 104.6m Kirkuk).
The Office of the Iraq Programme has now received 1650 contracts for
humanitarian supplies worth $3.2 billion under phase VI. Of the 1189
contracts circulated to the Security Council's 661 Committee, 799 worth
$1.48 billion have been approved. So far $1.57
billion worth of contracts for humanitarian supplies
have been approved under phase IV and $1.57 billion under phase V.
At present there are 555 contracts worth $1.34 billion dollars for the
purchase of humanitarian supplies on hold: in phase IV, 22 contracts
worth $36.61 million dollars are on hold; in phase V, 173 contracts worth
$541 million and in phase VI, 360 contracts worth $771 million.
In Phases IV to VI, OIP has received 2108 contracts worth $1.18 billion
for the supply of oil industry spare parts and equipment. Of these
contracts, the 661 Committee has approved 1007 worth $ 509.7 million and
put 529 worth
$297.6 million on hold.
Supplies purchased under the programme continue to arrive normally.
Arrivals over the past week included: medicines and lab rooms furniture,
excavators, protein and feed concentrates, agriculture tractors and oil
spares. In addition, 7,443 tones of wheat; 39,800 tones of sugar and
13,309 tones of cooking oil arrived in the country last week.
(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).
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