Update for the period 20 to 26 May
2000
During the period 20 to 26 May Iraq exported 17 million barrels of oil for revenue
estimated around $435 million. This brings the total volume exported in phase VII to 310.5
million barrels for revenue of around $7.474 billion. Since the inception of the Programme
on 10 December 1996, Iraq has exported nearly 1.798 billion barrels for $28.21billion.
The total number of contracts approved for the sale of oil under phase VII, which
began on 12 December, remains at 102. The approved volume is 383.74 million barrels
(226.27m Basrah Light and 157.47m Kirkuk). (see atached annex
for details of phase VII oil exports & revenue)
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 427 applications, worth $946.988 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 three contracts
deemed to included possible dual-use items affected by the provisions of resolution 1051
(1996). The total of applications under this category in phases IV through VII is now 110
out of 7,778 contracts have been submitted to the 661 committee.
On the humanitarian side, the Security Council’s 661 Committee has approved
$6.282 billion dollars worth of contracts in phases IV to VII and put $1.326 billion on
hold for the same period. In phases IV to VII, OIP has received a total of 2,497 contracts
worth $1.369 billion for the supply of oil industry spare parts and equipment. Of these
contracts, the 661 Committee has approved 1550, worth $793.886 million and put 599, worth
$343.181 million, on hold.
For the fourth consecutive week, the total value of contracts on hold in the
humanitarian and oil sectors has fallen and is now $1.670 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 99 thousand tonnes of wheat, around 14.6 thousand tonnes of rice and
almost 13 thousand tonnes of pulses along with tea, sugar, infant formula, cooking oil and
detergents. Apart from a range of medicines, and health equipment other arrivals included:
irrigation equipment, a portable milking machine, gas turbines, compressors, bulldozer
tractors with spare parts, trucks and pipes.
