During
the period 16 to 29 December 2000 Iraq exported 12.9 million barrels of oil
under the United Nations oil-for-food programme (7.2 million barrels
during the week 16 to 22 December and 5.7 million barrels in the week of 23 to
29 December).
There were six loadings at the Mina al-Bakr terminal and one at Ceyhan,
which was on 29 December.
Since the start of phase IX on 6 December, Iraqi oil exports have
earned an estimated $302 million in revenue.
The
United Nations oil overseers and the Security
Council’s 661 sanctions committee for Iraq
during the same period approved four new contracts for the purchase of Iraqi
oil (14.2 million barrels of Basrah Light destined for the United States
market and eight million barrels of Kirkuk for the European market).
Iraq’s
total oil exports since the start of the programme on 10 December 1996 now
stand at over 2,222 million barrels, for an estimated revenue of over $38.9
billion.
With
the exception of the price for Kirkuk crude destined for the European market,
all the prices for the purchase of Iraqi crude for the month of January have
now been approved by the Committee. The average price of the Iraqi oil
exported in the period 16 to 29 December was $18 per barrel.
In
phases IV to VIII, the Committee has now approved more than
$9.8 billion worth of contracts for humanitarian supplies, while an
additional over $3 billion worth have been processed by OIP under the
"fast track" procedures based on pre-approved lists of supplies.
The Committee has also approved 2,337 contracts worth $1.27 billion for
the purchase of oil industry spare parts and equipment. Another 79 contracts
worth over $55 million have been approved under the "fast track"
procedures by OIP.
As
at 29 December, the total value of contracts placed on hold by the Committee
was over $2.9 billion ($2.6 billion for humanitarian supplies and $341 million
for oil industry spare parts and equipment).
