9 November 1998

Oil-for-Food Background Information		Weekly Update from the Office of the Iraq Programme During the week to 6 November, the Office of the Iraq Programme received 18 applications for approval of oil spare parts and equipment contracts with a value of $9.83 million. The Security Council's 661 Committee approved another twenty applications worth $5 million dollars and put eight applications worth $803,949 on hold. (see attached sheet for details of the new approvals) Oil Spare Parts and Equipment Totals Oil Spares Contracts Contracts Value Received 295 $165,766,218 Approved 131 $92,909,969 On Hold 86 $39,722,155 *Contracts which have not been approved or put on hold are still being processed by the Office of the Iraq programme (includes those sent back to submitting missions for more information or requiring adjustments to the Distribution Plan); or have been circulated to the 661 Committee for approval. The Oil Overseers advise that during the period 31 October to 6 November 1998, there were 12 loadings totalling 16.9 million barrels of oil with an estimated value of $168 million. As there were no new contracts approved the number of approved contracts remains at 59 for a total of 308,455,000 barrels. The revenue generated from the beginning of Phase IV at current prices is about $2,719 million. On the humanitarian the Office of the Iraq Programme received one application for contract approval under Distribution Plan Three and 10 under the Enhanced Distribution. The 661 approved one contract under DP Three and 2 contracts under the Enhanced DP. Since the first deliveries in March 1997, 7.5 million tonnes of foodstuffs worth more than $2.4 billion and more than $370 million dollars of medicine and health supplies have been delivered to Iraq under the oil-for-food programme. In addition, more than $200 million dollars worth of supplies for electrical, water/sanitation, agricultural, education, settlement rehabilitation and demining work have arrived in Iraq. Oil Spare Parts Contracts Approved 31 Oct - 5 Nov 1998 Country Nature of Spares Contract Value France VALVE/PARTS $65,507 France OIL SPARE PARTS $123,625 France PIPELINE EQUIPMENT & SPARES (OIL) $1,479,132 France PUMPS AND SPARE PARTS $77,254 France OIL SPARE PARTS $85,758 France OIL SPARE PARTS $119,760 Russian Federation PIPELINE EQUIPMENT & SPARES (OIL) $41,603.12 Russian Federation PIPELINE EQUIPMENT & SPARES (OIL) $329,497.00 Russian Federation PIPELINE EQUIPMENT & SPARES (OIL) $454,800.00 Russian Federation PIPELINE EQUIPMENT & SPARES (OIL) $1,367,800 UAE AIR CONDITIONER $44,250 France OIL SPARE PARTS $135,468 France OIL SPARE PARTS $50,159 China OIL SPARE PARTS $25,130 China PIPELINE EQUIPMENT & SPARES (OIL) $80,779 China PIPELINE EQUIPMENT & SPARES (OIL) $106,000 Bahrain ZINC SULPHATE $69,000 UAE PIPELINE EQUIPMENT & SPARES (OIL) $145,161 UAE PIPELINE EQUIPMENT & SPARES (OIL) $118,000 Turkey PIPELINE EQUIPMENT & SPARES (OIL) $91,280   Value of contracts approved this week $5,009,963.39   Total approved to date: $92,909,969
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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