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  19 April 2000 
Oil-for-Food Background Information

 

Update for the period 8 to 14 April 2000

 

During the period 8 to 14 April Iraq exported 15.2 million barrels of oil for estimated revenue of $302.4 million. This brings the total volume exported in phase VII to 212.1 million barrels for revenue of around $5.06 billion.

The total number of contracts approved for the sale of oil under phase VII which began on 11 December remains at 99. The approved volume is 315.45 million barrels (189.2m Basrah Light and 126.25m 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 241 applications, worth $688.4 million. These contracts are for 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 five 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 now 82.

On the humanitarian side, the Security Council’s 661 Committee has approved $5.60 billion dollars worth of contracts in phases IV to VII and put $1.40 billion on hold for the same period.

In phases IV to VII, OIP has received a total of 2,307 contracts worth $1.272 billion for the supply of oil industry spare parts and equipment.  Of these contracts, the 661 Committee has approved 1376, worth $718.75 million and put 561, worth $310.2 million, on hold.

This brings the total value of contracts on hold in the humanitarian and oil sectors to $1.718 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: 88,649 tonnes of wheat, 34,251 tonnes of cooking oil, 19,125 tonnes of baby foods and formula milk, 5,145 tonnes of sugar, plus a range of medicines and pharmaceutical products. Other arrivals included tyres, bulldozers with spare parts, liquefied chlorine gas and spare parts for the Nassiriya power station south west of Baghdad.

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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