Office of the Iraq Programme Oil for Food

11 April 2000

Oil-for-Food Background Information

Update for the period 1 to 7 April 2000

During the period 1 to 7 April Iraq exported 8.6 million barrels of oil for an estimated revenue of $173 million dollars. This brings the total volume exported in Phase VII to 196.9 million barrels for revenue of around $4.754 billion.

The total number of contracts approved for the sale of oil under phase VII remains at 99. The approved volume is 297.45 million barrels (175.2m Basrah Light and 122.25m 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 201 applications, worth $633.79 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 12 contracts deemed to included possible dual- use items affected by the provisions of resolution 1051 (1996). The cumulative total of applications under this category in phases IV to VII is 77.

On the humanitarian side, the Security Council’s 661 Committee has approved $5.44 billion dollars worth of contracts in Phases IV to VII and put $1.48 billion on hold for the same period.

In Phases IV to VII, OIP has received a total of 2284 contracts worth $1.28 billion for the supply of oil industry spare parts and equipment. Of these contracts, the 661 Committee has approved 1341, worth $ 696 million and put 567, worth $342.2 million, on hold.

This brings the total value of humanitarian and oil sector contracts on hold to $1.823 billion.

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: 32,340 tonnes of wheat, 23,838 tonnes of rice, some 2,481 tonnes of sugar, plus a range of medicines and pharmaceutical products. Other arrivals included tyres, kerosene heaters, generators with spare parts, and irrigation equipment.

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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 1 to 7 April 2000 During the period 1 to 7 April Iraq exported 8.6 million barrels of oil for an estimated revenue of $173 million dollars. This brings the total volume exported in Phase VII to 196.9 million barrels for revenue of around $4.754 billion. The total number of contracts approved for the sale of oil under phase VII remains at 99. The approved volume is 297.45 million barrels (175.2m Basrah Light and 122.25m 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 201 applications, worth $633.79 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 12 contracts deemed to included possible dual- use items affected by the provisions of resolution 1051 (1996). The cumulative total of applications under this category in phases IV to VII is 77. On the humanitarian side, the Security Council’s 661 Committee has approved $5.44 billion dollars worth of contracts in Phases IV to VII and put $1.48 billion on hold for the same period. In Phases IV to VII, OIP has received a total of 2284 contracts worth $1.28 billion for the supply of oil industry spare parts and equipment. Of these contracts, the 661 Committee has approved 1341, worth $ 696 million and put 567, worth $342.2 million, on hold. This brings the total value of humanitarian and oil sector contracts on hold to $1.823 billion. 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: 32,340 tonnes of wheat, 23,838 tonnes of rice, some 2,481 tonnes of sugar, plus a range of medicines and pharmaceutical products. Other arrivals included tyres, kerosene heaters, generators with spare parts, and irrigation equipment.
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