Office of the Iraq Programme Oil for Food

1 August 2000

Oil-for-Food Background Information

Weekly update for the period 22 to 28 July 2000

During the period 22 to 28 July Iraq exported 18 million barrels of oil for revenue estimated around $387 million. The revenue generated from the beginning of phase VIII on 9 June is now estimated at around $2.133 billion.

Since the inception of the “oil for food” programme on 10 December 1996, Iraq has exported more than 1.922 billion barrels with a value of more than $31.1 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 six new contracts for the sale of Iraqi oil under phase VIII. This brings the total of approved contracts to 86 with a volume of over 353 million barrels (213.6 million Basrah Light and 139.8 million Kirkuk).

In phases IV to VII, the 661 Committee approved $7.387 billion worth of contracts for humanitarian supplies and put contracts worth $1.396 billion on hold in the same period. In phases IV to VII, OIP received a total of 2,874 contracts worth $1.590 billion for the supply of oil industry spare parts and equipment. Of these contracts, the 661 Committee has approved 1,959 worth just over $1 billion and put 497, worth $282 million, on hold. The total value of contracts on hold in all sectors is now $1.678 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 591 contracts worth $1.085 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: 94,430 tonnes of wheat, 5,403 tonnes of cooking oil, 13 tonnes of pulses, 773 tonnes of sugar, 150 tonnes of tea, about 5,876 tonnes of detergents and soap, 3,358 tonnes of infant milk powder formula, plus a range of medicines and pharmaceutical products. Other arrivals included broiler hatching eggs, tractors, herbicides, fertilizers, a refrigeration van, a passenger bus, a firefighting vehicle, various types of classroom furniture and chalkboards, tyres and tubes, a number of electricity, water and sanitation equipment and materials, as well as 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 22 to 28 July 2000 During the period 22 to 28 July Iraq exported 18 million barrels of oil for revenue estimated around $387 million. The revenue generated from the beginning of phase VIII on 9 June is now estimated at around $2.133 billion. Since the inception of the “oil for food” programme on 10 December 1996, Iraq has exported more than 1.922 billion barrels with a value of more than $31.1 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 six new contracts for the sale of Iraqi oil under phase VIII. This brings the total of approved contracts to 86 with a volume of over 353 million barrels (213.6 million Basrah Light and 139.8 million Kirkuk). In phases IV to VII, the 661 Committee approved $7.387 billion worth of contracts for humanitarian supplies and put contracts worth $1.396 billion on hold in the same period. In phases IV to VII, OIP received a total of 2,874 contracts worth $1.590 billion for the supply of oil industry spare parts and equipment. Of these contracts, the 661 Committee has approved 1,959 worth just over $1 billion and put 497, worth $282 million, on hold. The total value of contracts on hold in all sectors is now $1.678 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 591 contracts worth $1.085 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: 94,430 tonnes of wheat, 5,403 tonnes of cooking oil, 13 tonnes of pulses, 773 tonnes of sugar, 150 tonnes of tea, about 5,876 tonnes of detergents and soap, 3,358 tonnes of infant milk powder formula, plus a range of medicines and pharmaceutical products. Other arrivals included broiler hatching eggs, tractors, herbicides, fertilizers, a refrigeration van, a passenger bus, a firefighting vehicle, various types of classroom furniture and chalkboards, tyres and tubes, a number of electricity, water and sanitation equipment and materials, as well as generator sets and spare parts.
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