Update for the period 26 June to 2 July 1999
During the week to 2 July 1999 Iraq exported a total of
14.3 million barrels of crude oil for an estimated revenue of $230
million dollars. Since oil exports under Phase VI began on 1 June there
have been 59.6 million barrels exported for an estimated revenue of $933
million. To date, about 49 per cent of loadings have been made at Ceyhan.
The oil overseers and the Security Council's 661
Committee have approved a further 6 contracts for the export of Iraqi
oil. This brings the total contracts approved to 69 with a volume of
332.3 million barrels (188.3m Basrah Light, 144m Kirkuk). Another seven
contracts are pending.
So far $1.54 billion worth of contracts for humanitarian
supplies have been approved under Phase IV and $1.294 billion under
Phase V. There are $94.89 million dollars worth of humanitarian supplies
on hold in Phase IV and $285.3 million on hold in Phase V.
The 661 Committee has approved $241.8 million worth of
oil spare parts and equipment in Phase IV and put $36.8 million on hold.
For Phase V $52.67 million in oil sector equipment has been approved and
$60.62 million is currently on hold. (note: a full listing of
humanitarian and oil sector contracts and their current status is
available on the OIP website)
Goods purchased under the programme continued to arrive
normally. Arrivals included: 85,000 tonnes of rice, 12,000 tonnes of
sugar and 6,700 tonnes of detergents and soap. Other arrivals included
various pharmaceuticals, trucks and spare parts; water pumps, liquified
chlorine gas, tyres, fire-fighting vehicles and oil industry spare parts
and equipment.
