Office of the Iraq Programme Oil for Food

23 May 2000

Oil-for-Food Background Information

Update for the period 13 to 19 May 2000

During the period 13 to 19 May Iraq exported 19.6 million barrels of oil for revenue estimated around $503 million. This brings the total volume exported in phase VII to 293.5 million barrels for revenue of around $7.057 billion. Since the inception of the Programme on 10 December 1996, Iraq has exported a total of 1.780 billion barrels for revenue of around $27.79 billion.

The Security Council’s 661 Committee approved a new oil sale contract for a Moroccan company to purchase 1.2 million barrels of Basrah light, destined for the USA/ Far East. This brings the total number of contracts approved for the sale of oil under phase VII, which began on 12 December, to 102. The approved volume is 352.2 million barrels (205.27m Basrah Light and 147.25m 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 416 applications, worth $930.735 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 seven 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 107 out of 7,673 contracts that have been submitted to the 661 committee.

On the humanitarian side, the Security Council’s 661 Committee has approved $6.150 billion dollars worth of contracts in phases IV to VII and put $1.386 billion on hold for the same period. In phases IV to VII, OIP has received a total of 2,457 contracts worth $1.355 billion for the supply of oil industry spare parts and equipment. Of these contracts, the 661 Committee has approved 1508, worth $771.560 million and put 582, worth $341.312 million, on hold.

The total value of contracts on hold in the humanitarian and oil sectors has fallen for the third consecutive week and is now $1.728 billion.

Humanitarian supplies and equipment for the oil industry continue to arrive normally through the three land border points and at the Iraqi port of Umm Qasr. Arrivals included nearly 54 thousand tonnes of wheat, around 21.5 thousand tonnes of rice and almost 12.5 thousand tonnes of sugar along with tea, pulses, infant formula, cooking oil and detergents. Apart from a range of medicines, and health equipment other arrivals included: waste water treating plant, rotary machine, electric valves, water pumps, spare parts for gas turbine, fully equipped forklift, tubular steel poles, irrigation equipment and educational materials.

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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 13 to 19 May 2000 During the period 13 to 19 May Iraq exported 19.6 million barrels of oil for revenue estimated around $503 million. This brings the total volume exported in phase VII to 293.5 million barrels for revenue of around $7.057 billion. Since the inception of the Programme on 10 December 1996, Iraq has exported a total of 1.780 billion barrels for revenue of around $27.79 billion. The Security Council’s 661 Committee approved a new oil sale contract for a Moroccan company to purchase 1.2 million barrels of Basrah light, destined for the USA/ Far East. This brings the total number of contracts approved for the sale of oil under phase VII, which began on 12 December, to 102. The approved volume is 352.2 million barrels (205.27m Basrah Light and 147.25m 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 416 applications, worth $930.735 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 seven 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 107 out of 7,673 contracts that have been submitted to the 661 committee. On the humanitarian side, the Security Council’s 661 Committee has approved $6.150 billion dollars worth of contracts in phases IV to VII and put $1.386 billion on hold for the same period. In phases IV to VII, OIP has received a total of 2,457 contracts worth $1.355 billion for the supply of oil industry spare parts and equipment. Of these contracts, the 661 Committee has approved 1508, worth $771.560 million and put 582, worth $341.312 million, on hold. The total value of contracts on hold in the humanitarian and oil sectors has fallen for the third consecutive week and is now $1.728 billion. Humanitarian supplies and equipment for the oil industry continue to arrive normally through the three land border points and at the Iraqi port of Umm Qasr. Arrivals included nearly 54 thousand tonnes of wheat, around 21.5 thousand tonnes of rice and almost 12.5 thousand tonnes of sugar along with tea, pulses, infant formula, cooking oil and detergents. Apart from a range of medicines, and health equipment other arrivals included: waste water treating plant, rotary machine, electric valves, water pumps, spare parts for gas turbine, fully equipped forklift, tubular steel poles, irrigation equipment and educational materials.
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