Office of the Iraq Programme Oil for Food

25 July 2000

Oil-for-Food Background Information

Weekly update for the period 15 to 21 July 2000

During the period 15 to 21 July Iraq exported 13.5 million barrels of oil for revenue estimated around $296 million. The revenue generated from the beginning of phase VIII on 9 June is now estimated around $1.732 billion.

Since the inception of the “oil for food” programme on 10 December 1996, Iraq has exported more than 1.904 billion barrels with a value of more than $30.7 billion. Of this 66% goes to fund the humanitarian needs of Iraqis, 30% to the Compensation Commission in Geneva, 0.8% to pay the costs of UNMOVIC and 2.2% to pay the United Nations’ operational costs.

Last week, the Security Council’s 661 Committee approved 12 new contracts for the sale of Iraqi oil under phase VIII. This brings the total of approved contracts to 80 with a volume of nearly 344.4 million barrels (206.621 million Basrah Light and 137.766 million Kirkuk).

In phases IV to VII, the 661 Committee approved $7.219 billion dollars worth of contracts for humanitarian supplies and put contracts worth $1.245 billion on hold in the same period. In phases IV to VII, OIP received a total of 2,840 contracts worth $1.574 billion for the supply of oil industry spare parts and equipment. Of these contracts, the 661 Committee has approved 1,944 worth $995.5 million and put 491, worth $282 million, on hold. The total value of contracts on hold in all sectors is now $1.527 billion.

Using the “fast track” process based on lists in the food, health, education, agriculture and oil sectors, the OIP has notified the Committee of 561 contracts worth $1.067 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: 51,140 tonnes of wheat, 13,944 tonnes of rice, 12,643 tonnes of cooking oil, 922 tonnes of pulses, 3,650 tonnes of sugar, 188 tonnes of iodised salt, about 3,508 tonnes of detergents, 1,931 tonnes of baby foods and cereals, plus a range of medicines and pharmaceutical products. Other arrivals included broiler hatching eggs, soybean meal, tomato seeds, a forklift, classroom furniture, tires and tubes, various electricity, water and sanitation equipment and materials, as well as a laboratory refrigerator and diesel generator sets and spare parts.

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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 15 to 21 July 2000 During the period 15 to 21 July Iraq exported 13.5 million barrels of oil for revenue estimated around $296 million. The revenue generated from the beginning of phase VIII on 9 June is now estimated around $1.732 billion. Since the inception of the “oil for food” programme on 10 December 1996, Iraq has exported more than 1.904 billion barrels with a value of more than $30.7 billion. Of this 66% goes to fund the humanitarian needs of Iraqis, 30% to the Compensation Commission in Geneva, 0.8% to pay the costs of UNMOVIC and 2.2% to pay the United Nations’ operational costs. Last week, the Security Council’s 661 Committee approved 12 new contracts for the sale of Iraqi oil under phase VIII. This brings the total of approved contracts to 80 with a volume of nearly 344.4 million barrels (206.621 million Basrah Light and 137.766 million Kirkuk). In phases IV to VII, the 661 Committee approved $7.219 billion dollars worth of contracts for humanitarian supplies and put contracts worth $1.245 billion on hold in the same period. In phases IV to VII, OIP received a total of 2,840 contracts worth $1.574 billion for the supply of oil industry spare parts and equipment. Of these contracts, the 661 Committee has approved 1,944 worth $995.5 million and put 491, worth $282 million, on hold. The total value of contracts on hold in all sectors is now $1.527 billion. Using the “fast track” process based on lists in the food, health, education, agriculture and oil sectors, the OIP has notified the Committee of 561 contracts worth $1.067 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: 51,140 tonnes of wheat, 13,944 tonnes of rice, 12,643 tonnes of cooking oil, 922 tonnes of pulses, 3,650 tonnes of sugar, 188 tonnes of iodised salt, about 3,508 tonnes of detergents, 1,931 tonnes of baby foods and cereals, plus a range of medicines and pharmaceutical products. Other arrivals included broiler hatching eggs, soybean meal, tomato seeds, a forklift, classroom furniture, tires and tubes, various electricity, water and sanitation equipment and materials, as well as a laboratory refrigerator and diesel generator sets and spare parts.
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