Office of the Iraq Programme Oil for Food

20 June 2000

Oil-for-Food Background Information

Update for the period 10 to 16 June 2000

During the period 10 to 16 June Iraq exported 13.9 million barrels of oil for revenue estimated around $342 million. Under phase VIII, which started on 9 June 2000, 10 loadings were completed. Since the inception of the Programme on 10 December 1996, Iraq has exported nearly 1.845 billion barrels with a value of $29.36 billion.

There were no contracts for the sale of oil during the reporting period. The volume of oil contracts extended from Phase VII to Phase VIII is 39.54 million barrels (25.45m Basrah Light and 14.08m 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 (OIP) has notified the 661 Committee of 475 applications, worth $1.014 billion. These contracts are for items on the lists approved by the Committee in the food, health, education and agriculture sectors. Pursuant to paragraph eight of Security Council resolution 1302 (2000), OIP is preparing a list of basic water and sanitation supplies which will not require circulation to the 661 Committee for approval.

Over the past week (OIP) has received two contracts deemed to include 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 125 out of 8,032 contracts that have been submitted to the 661 Committee.

The 661 Committee has approved $6.813 billion dollars worth of contracts in phases IV to VII and put $1.054 billion on hold for the same period. In phases IV to VII, OIP has received a total of 2,659 contracts worth $1.439 billion for the supply of oil industry spare parts and equipment. Of these contracts, the 661 Committee has approved 1,750 worth $901.148 million and put 510, worth $286.347 million, on hold.

For the seventh consecutive week, the total value of contracts on hold all sectors has fallen and is now $1.340 billion.

Humanitarian supplies and equipment for the oil industry continue to arrive normally during this period through the three land border points and at the Iraqi port of Umm Qasr. Arrivals included nearly 133,942 tonnes of wheat, around 6,700 tonnes of cooking oil, almost 5,000 tonnes of detergents along with pulses and infant milk. Apart from a range of medicines, and health equipment other arrivals included fire fighting vehicles, garbage trucks with spare parts and a gas turbine generator set.

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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 10 to 16 June 2000 During the period 10 to 16 June Iraq exported 13.9 million barrels of oil for revenue estimated around $342 million. Under phase VIII, which started on 9 June 2000, 10 loadings were completed. Since the inception of the Programme on 10 December 1996, Iraq has exported nearly 1.845 billion barrels with a value of $29.36 billion. There were no contracts for the sale of oil during the reporting period. The volume of oil contracts extended from Phase VII to Phase VIII is 39.54 million barrels (25.45m Basrah Light and 14.08m 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 (OIP) has notified the 661 Committee of 475 applications, worth $1.014 billion. These contracts are for items on the lists approved by the Committee in the food, health, education and agriculture sectors. Pursuant to paragraph eight of Security Council resolution 1302 (2000), OIP is preparing a list of basic water and sanitation supplies which will not require circulation to the 661 Committee for approval. Over the past week (OIP) has received two contracts deemed to include 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 125 out of 8,032 contracts that have been submitted to the 661 Committee. The 661 Committee has approved $6.813 billion dollars worth of contracts in phases IV to VII and put $1.054 billion on hold for the same period. In phases IV to VII, OIP has received a total of 2,659 contracts worth $1.439 billion for the supply of oil industry spare parts and equipment. Of these contracts, the 661 Committee has approved 1,750 worth $901.148 million and put 510, worth $286.347 million, on hold. For the seventh consecutive week, the total value of contracts on hold all sectors has fallen and is now $1.340 billion. Humanitarian supplies and equipment for the oil industry continue to arrive normally during this period through the three land border points and at the Iraqi port of Umm Qasr. Arrivals included nearly 133,942 tonnes of wheat, around 6,700 tonnes of cooking oil, almost 5,000 tonnes of detergents along with pulses and infant milk. Apart from a range of medicines, and health equipment other arrivals included fire fighting vehicles, garbage trucks with spare parts and a gas turbine generator set.
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