Office of the Iraq Programme Oil for Food

2 May 2000

Oil-for-Food Background Information

Update for the period 22 to 28 April 2000

During the period 22 to 28 April Iraq exported 16.2 million barrels of oil for revenue estimated around $325 million. This brings the total volume exported in phase VII to 244.7 million barrels for revenue of around $5.789 billion.

The Security Council’s 661 Committee last week approved two additional contracts for the export of Iraqi crude oil, totaling 3.2 million barrels. One was with a Swiss company to export 2 million barrels of Basrah light to the USA and the Far East and the other with a Nigerian company to export 1.2 million barrels of Basrah light to the Far East. This brings the total number of contracts approved for the sale of oil under phase VII that began on 11 December, to 101. The approved volume is 349.32 million barrels (201.07m Basrah Light and 148.25m 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 has notified the 661 committee of 356 applications, worth $818.96 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 eight contracts deemed to included possible dual- use items affected by the provisions of resolution 1051 (1996). The cumulative total of applications under this category in phases IV to VII is now 95 out of 7418 contracts.

On the humanitarian side, the Security Council’s 661 Committee has approved $5.769 billion dollars worth of contracts in phases IV to VII and put $1.612 billion on hold for the same period. In phases IV to VII, OIP has received a total of 2,367 contracts worth $1.295 billion for the supply of oil industry spare parts and equipment. Of these contracts, the 661 Committee has approved 1433, worth $738.739 million and put 570, worth $335.978 million, on hold.

This brings the total value of contracts on hold in the humanitarian and oil sectors to $1.948 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 26 thousand tonnes of rice, around 15 thousand tonnes of sugar and almost three thousand tonnes of cooking oil along with pulses, infant formula and detergents. Apart from a range of medicines and health equipment other arrivals included: working clothes, spares for electrical networks, circulating water pumps, tanker trucks, tractor spare parts, forklift trucks and refrigerators.

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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 22 to 28 April 2000 During the period 22 to 28 April Iraq exported 16.2 million barrels of oil for revenue estimated around $325 million. This brings the total volume exported in phase VII to 244.7 million barrels for revenue of around $5.789 billion. The Security Council’s 661 Committee last week approved two additional contracts for the export of Iraqi crude oil, totaling 3.2 million barrels. One was with a Swiss company to export 2 million barrels of Basrah light to the USA and the Far East and the other with a Nigerian company to export 1.2 million barrels of Basrah light to the Far East. This brings the total number of contracts approved for the sale of oil under phase VII that began on 11 December, to 101. The approved volume is 349.32 million barrels (201.07m Basrah Light and 148.25m 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 has notified the 661 committee of 356 applications, worth $818.96 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 eight contracts deemed to included possible dual- use items affected by the provisions of resolution 1051 (1996). The cumulative total of applications under this category in phases IV to VII is now 95 out of 7418 contracts. On the humanitarian side, the Security Council’s 661 Committee has approved $5.769 billion dollars worth of contracts in phases IV to VII and put $1.612 billion on hold for the same period. In phases IV to VII, OIP has received a total of 2,367 contracts worth $1.295 billion for the supply of oil industry spare parts and equipment. Of these contracts, the 661 Committee has approved 1433, worth $738.739 million and put 570, worth $335.978 million, on hold. This brings the total value of contracts on hold in the humanitarian and oil sectors to $1.948 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 26 thousand tonnes of rice, around 15 thousand tonnes of sugar and almost three thousand tonnes of cooking oil along with pulses, infant formula and detergents. Apart from a range of medicines and health equipment other arrivals included: working clothes, spares for electrical networks, circulating water pumps, tanker trucks, tractor spare parts, forklift trucks and refrigerators.
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