Office of the Iraq Programme Oil for Food

11 July 2000

Oil-for-Food Background Information

Weekly Update for the Period 1 to 7 July 2000

During the period 1 to 7 July Iraq exported 4.8 million barrels of oil for revenue estimated around $116 million. The revenue generated from the beginning of Phase VIII on 9 June is now estimated around $1.094 billion. Since the inception of the programme on 10 December 1996, Iraq has exported more than 1.875 billion barrels with a value of more than $30 billion.

Last week the Security Council’s 661 Committee approved 22 new contracts for the sale of Iraqi oil under phase VIII. This brings the total of approved contracts to 41 with a volume of nearly 244 million barrels (149.121m Basrah Light and 94.566m 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 (OIP) has notified the 661 Committee of 521 applications, worth $1.062 billion. 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 seven 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 148.

The 661 Committee has approved $6.978 billion dollars worth of contracts for humanitarian supplies in phases IV to VII and put $1.225 billion on hold for the same period. In phases IV to VII, OIP has received a total of 2,772 contracts worth $1.550 billion for the supply of oil industry spare parts and equipment. Of these contracts, the 661 Committee has approved 1,865 worth $960.022 million and put 486, worth $276.323 million, on hold. The total value of contracts on hold in all sectors is now around $1.502 billion.

Humanitarian supplies and equipment for the oil industry continued to arrive normally during this period through the three land border points and at the Iraqi port of Umm Qasr. Arrivals included: 110,410 tonnes of wheat, 13,424 tonnes of rice, 1,109 tonnes of tea, 13,474 tonnes of cooking oil, 1,437 tonnes of pulses, more than 1,000 tonnes of baby food, plus a range of medicines and pharmaceutical products. Other arrivals included tires, electrical equipment, street lighting poles, spare parts for engines, tractors and a mobile x-ray unit.

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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 1 to 7 July 2000 During the period 1 to 7 July Iraq exported 4.8 million barrels of oil for revenue estimated around $116 million. The revenue generated from the beginning of Phase VIII on 9 June is now estimated around $1.094 billion. Since the inception of the programme on 10 December 1996, Iraq has exported more than 1.875 billion barrels with a value of more than $30 billion. Last week the Security Council’s 661 Committee approved 22 new contracts for the sale of Iraqi oil under phase VIII. This brings the total of approved contracts to 41 with a volume of nearly 244 million barrels (149.121m Basrah Light and 94.566m 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 (OIP) has notified the 661 Committee of 521 applications, worth $1.062 billion. 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 seven 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 148. The 661 Committee has approved $6.978 billion dollars worth of contracts for humanitarian supplies in phases IV to VII and put $1.225 billion on hold for the same period. In phases IV to VII, OIP has received a total of 2,772 contracts worth $1.550 billion for the supply of oil industry spare parts and equipment. Of these contracts, the 661 Committee has approved 1,865 worth $960.022 million and put 486, worth $276.323 million, on hold. The total value of contracts on hold in all sectors is now around $1.502 billion. Humanitarian supplies and equipment for the oil industry continued to arrive normally during this period through the three land border points and at the Iraqi port of Umm Qasr. Arrivals included: 110,410 tonnes of wheat, 13,424 tonnes of rice, 1,109 tonnes of tea, 13,474 tonnes of cooking oil, 1,437 tonnes of pulses, more than 1,000 tonnes of baby food, plus a range of medicines and pharmaceutical products. Other arrivals included tires, electrical equipment, street lighting poles, spare parts for engines, tractors and a mobile x-ray unit.
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