During the period 3 to 9 June Iraq exported 12.4 million barrels of oil
for revenue estimated around $320 million. The total volume exported under
phase VII is 343.4 million barrels for revenue of around $8.285 billion.
Since the inception of the Programme on 10 December 1996, Iraq has
exported nearly 1.831 billion barrels for $29.21 billion.
The total number of contracts approved for the sale of oil under phase
VII, which began on 12 December and ended on 8 June 2000, is 102. The
approved volume is 383.74 million barrels (226.27m Basrah Light and
157.47m Kirkuk).
Under phase VII, 279 loadings totalling 343.4 million barrels have been
completed. The last lifting was finished on 10 June 2000. About 40 million
barrels not lifted under contracts in phase VII have been transferred to
phase VIII.
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 462
applications, worth $997,076 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 (OIP) has received three 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 123 out of 7,986 contracts that have been submitted to the 661
Committee.
On the humanitarian side, the 661 Committee has approved $6.675 billion
dollars worth of contracts in phases IV to VII and put $1.243 billion on
hold for the same period. In phases IV to VII, OIP has received a total of
2,595 contracts worth $1.404 billion for the supply of oil industry spare
parts and equipment. Of these contracts, the 661 Committee has approved
1,714 worth $870.888 million and put 521, worth $306.376 million, on hold.
For the sixth consecutive week, the total value of contracts on hold
all sectors has fallen and is now $1.549 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 121,306 tonnes
of wheat, around 7,000 tonnes of cooking oil, almost 2,295 tonnes of
powdered infant formula milk along with pulses and detergents. Apart from
a range of medicines, and health equipment other arrivals included:
classroom furniture, tractors, mooring boats and their spare parts, a
mobile generator set, welding machines, irrigation equipment and tires.
