Office of the Iraq Programme Oil for Food

4 April 2000

Oil-for-Food Background Information

Update for the period 25 to 31 March 2000

During the period 25 to 31 March Iraq exported 6.5 million barrels of oil for an estimated revenue of $155.5 million dollars. This brings the total volume exported in Phase VII to 188.3 million barrels for revenue of around $4.621 billion.

The 661 committee approved one additional contract for the export of oil, bringing the total number of oil sale contracts approved under phase VII to 99. The contract is with a Vietnamese company for 1.2 million barrels of Kirkuk for the Far East. The approved volume of oil contracts is 294.35 million barrels (172.2m Basrah Light and 122.15m Kirkuk).

Since the accelerated procedures for the approval of contracts for humanitarian supplies for Iraq came into force on 1 March 2000, the Office of the Iraq Programme has notified the 661 Committee of 172 applications, worth $552.3 million. These are items on the lists approved by the Committee in the food, health, education and agriculture sectors.

Over the past week the Office of the Iraq Programme received 13 contracts which included possible dual-use items affected by the provisions of resolution 1051 (1996). The cumulative total of applications under this category (phases IV to VII) is 65.

On the humanitarian side, the Security Council’s 661 sanctions Committee has approved $5.38 billion dollars worth of contracts in Phases IV to VII and put $1.33 billion on hold for the same period.

In Phases IV to VII, OIP has received contracts worth $1.27 billion for the supply of oil industry spare parts and equipment. Of these, the 661 Committee has approved contracts worth $ 689.2 million and put contracts worth $335.7 million on hold.

Humanitarian supplies and equipment for the oil industry continue to arrive normally through the three land border points and the Iraqi port of Umm Qasr. Arrivals included: 98,615 tonnes of wheat, 15,689 tonnes of cooking oil, some 30,000 tonnes of sugar, plus a range of medicines and pharmaceutical products. Other arrivals included tyres and tubes, bulldozers with spare parts, water equipment and high protein biscuits.

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Produced for media and public information – not an official United Nations Document
For further information please contact Hasmik Egian, OIP - NY, 1.212.963.4341

Oil-for-Food Background Information		Update for the period 25 to 31 March 2000 During the period 25 to 31 March Iraq exported 6.5 million barrels of oil for an estimated revenue of $155.5 million dollars. This brings the total volume exported in Phase VII to 188.3 million barrels for revenue of around $4.621 billion. The 661 committee approved one additional contract for the export of oil, bringing the total number of oil sale contracts approved under phase VII to 99. The contract is with a Vietnamese company for 1.2 million barrels of Kirkuk for the Far East. The approved volume of oil contracts is 294.35 million barrels (172.2m Basrah Light and 122.15m Kirkuk). Since the accelerated procedures for the approval of contracts for humanitarian supplies for Iraq came into force on 1 March 2000, the Office of the Iraq Programme has notified the 661 Committee of 172 applications, worth $552.3 million. These are items on the lists approved by the Committee in the food, health, education and agriculture sectors. Over the past week the Office of the Iraq Programme received 13 contracts which included possible dual-use items affected by the provisions of resolution 1051 (1996). The cumulative total of applications under this category (phases IV to VII) is 65. On the humanitarian side, the Security Council’s 661 sanctions Committee has approved $5.38 billion dollars worth of contracts in Phases IV to VII and put $1.33 billion on hold for the same period. In Phases IV to VII, OIP has received contracts worth $1.27 billion for the supply of oil industry spare parts and equipment. Of these, the 661 Committee has approved contracts worth $ 689.2 million and put contracts worth $335.7 million on hold. Humanitarian supplies and equipment for the oil industry continue to arrive normally through the three land border points and the Iraqi port of Umm Qasr. Arrivals included: 98,615 tonnes of wheat, 15,689 tonnes of cooking oil, some 30,000 tonnes of sugar, plus a range of medicines and pharmaceutical products. Other arrivals included tyres and tubes, bulldozers with spare parts, water equipment and high protein biscuits.
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