Office of the Iraq Programme Oil for Food

21 November 2000

Oil-for-Food Background Information

Weekly update for the period 11 - 17 November 2000

Iraq exported another 17.2 million barrels of oil under the United Nations oil-for-food programme during the week leading to 17 November, raising an estimated $493 million in revenue. There were 11 loadings at Mina al-Bakr and Ceyhan oil terminals. In current phase VIII (9 June to 5 December 2000) Iraq has exported 343.8 million barrels of oil for an estimated revenue of almost $8.9 billion.

Iraq’s oil exports since the start of the Programme on 10 December 1996 now total over 2,174 million barrels, bringing the total estimated revenue to $37.9 billion.

The Security Council’s 661 sanctions committee for Iraq has approved over $9 billion worth of contracts for humanitarian supplies in phases IV to VIII. The Office of the Iraq Progoramme (OIP) has processed another $2.8 billion worth of contracts under “fast track” procedures based on pre-approved lists of supplies since March of this year. Also, the Committee has approved 2,282 contracts worth over $1.21 billion for the purchase of oil industry spare parts and equipment, while an additional 71 contracts worth almost $53 million have been processed under “fast track” procedures.

The total value of contracts placed on hold by the Committee as at 17 November stood at over $2.3 billion (almost $2 billion for humanitarian supplies and $325 million for oil industry spare parts and equipment) or 14.5 per cent of all circulated contracts. The Committee members often cite the lack of technical specifications and potential dual use as reasons for placing a contract on hold.

On 20 November, United Nations Development Programme (UNDP) experts briefed the Committee on the state of the electricity sector in Iraq. There is a power supply deficit of 1,800 megawatts, resulting in electricity cuts of 6 to 18 hours a day.

Iraq has allocated about $2.8 billion to this sector in phases IV to VIII and signed $2.4 billion worth of contracts for the purchase of supplies and equipment. The Committee has approved $1.4 billion worth of contracts and placed $765 million worth on hold. Only $463 million worth of equipment has been delivered to Iraq since the start of the programme. Manufacturing lead times of 8 to 12 months account for the delayed arrived of supplies in this sector.

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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		Weekly update for the period 11 - 17 November 2000 Iraq exported another 17.2 million barrels of oil under the United Nations oil-for-food programme during the week leading to 17 November, raising an estimated $493 million in revenue. There were 11 loadings at Mina al-Bakr and Ceyhan oil terminals. In current phase VIII (9 June to 5 December 2000) Iraq has exported 343.8 million barrels of oil for an estimated revenue of almost $8.9 billion. Iraq’s oil exports since the start of the Programme on 10 December 1996 now total over 2,174 million barrels, bringing the total estimated revenue to $37.9 billion. The Security Council’s 661 sanctions committee for Iraq has approved over $9 billion worth of contracts for humanitarian supplies in phases IV to VIII. The Office of the Iraq Progoramme (OIP) has processed another $2.8 billion worth of contracts under “fast track” procedures based on pre-approved lists of supplies since March of this year. Also, the Committee has approved 2,282 contracts worth over $1.21 billion for the purchase of oil industry spare parts and equipment, while an additional 71 contracts worth almost $53 million have been processed under “fast track” procedures. The total value of contracts placed on hold by the Committee as at 17 November stood at over $2.3 billion (almost $2 billion for humanitarian supplies and $325 million for oil industry spare parts and equipment) or 14.5 per cent of all circulated contracts. The Committee members often cite the lack of technical specifications and potential dual use as reasons for placing a contract on hold. On 20 November, United Nations Development Programme (UNDP) experts briefed the Committee on the state of the electricity sector in Iraq. There is a power supply deficit of 1,800 megawatts, resulting in electricity cuts of 6 to 18 hours a day. Iraq has allocated about $2.8 billion to this sector in phases IV to VIII and signed $2.4 billion worth of contracts for the purchase of supplies and equipment. The Committee has approved $1.4 billion worth of contracts and placed $765 million worth on hold. Only $463 million worth of equipment has been delivered to Iraq since the start of the programme. Manufacturing lead times of 8 to 12 months account for the delayed arrived of supplies in this sector.
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