Oil-for-Food Background Information		Weekly Update for 14 December 1998   In the week from 5 to 11 December there were seven loadings of Iraqi oil totalling 11.8 million barrels with an estimated value of $84 million. The Oil Overseers report that in the same period an additional eleven contracts were approved for the sale of oil. Three contracts were sent to the Security Council's 661 Committee for their consideration and three are pending for lack of supporting documentation. So far in the current phase which began on 26 November, 45 contracts for the sale of oil have been submitted and 37 approved for a total of 148.7 million barrels (64.6 million Basrah Light and 84.1 million Kirkuk). The Security Council's 661 Committee approved a further 15 contracts for humanitarian supplies under Phase IV for a total of 581 contracts with a total value of $1.485 billion. There were no additional contracts received or approved for Phase III. At the port of Umm Qasr and the three land border crossings, humanitarian supplies continued to arrive including: 87,000 tonnes of wheat, 2123 tonnes of sugar, 7100 tonnes of cooking oil, 1046 tonnes of powdered infant formula, various medicines, power station spare parts, school desks and more broiler hatching eggs. During the week to 11 December, the 661 Committee approved 20 contracts for the import into Iraq of oil spare parts and equipment worth $6,666,031. Two of the approved contracts were released from hold with a total value of $407,730. The total number of contracts approved so far is 218 for $127,051,090. The Office of the Iraq Programme received an additional 15 oil sector contracts worth $5,541,005. The total number of contracts now received is 412 for a total value of $212,110,725. The Committee put on hold three contracts worth $1,876,260. There are now 120 contracts on hold worth $40,303,392.  For further information please contact John Mills on 1.212.9631646   Oil contracts approved 5-11 December 1998 NATION BARRELS CRUDE OIL DESTINATION Russia 1,000,000 Basrah Light Far East & USA Austria 1,800,000 Kirkuk Europe Russia 3,500,000 Basrah Light USA Spain 6,000,000 Kirkuk Europe UK 2,000,000 Kirkuk Europe France 5,000,000 Kirkuk Europe & USA France 4,000,000 Basrah Light Europe/USA/Far East France 5,000,000 Kirkuk Europe & USA France 4,000,000 Basrah Light Europe/USA/Far East Netherland 500,000 Kirkuk Europe Netherland 4,300,000 Basrah Light USA Russia 7,000,000 Kirkuk Europe Russia 4,000,000 Basrah Light Europe & USA Vietnam 3,000,000 Kirkuk Europe Vietnam 3,000,000 Basrah Light USA Algeria 6,000,000 Kirkuk Europe TOTAL barrels: 60,100,000       Oil Spare Parts Contracts Approved 5 - 11 December 1998 Country Nature of Spares Contract Value Russian Fed. PIPELINE EQUIPMENT & SPARES $418,806 Russian Fed. PIPELINE EQUIPMENT & SPARES $105,190 UAE PIPELINE EQUIPMENT & SPARES $304,510 Jordan OIL SPARE PARTS $103,765 Irlend OIL SPARE PARTS $103,220 Jordan AIR COMPRESSOR PARTS $655,563 UAE VEHICLE/SPARE PARTS $750,000 UAE VEHICLE $1,404,000 UAE AMBULANCE $54,000 UAE OIL SPARE PARTS $619,788 Jordan INSTRUMENTATION SPARES $56,949 Jordan OIL SPARE PARTS $66,000 Italy PUMPS AND SPARE PARTS $53,524 Italy ROTATING MACHINES $123,343 Italy INSTRUMENTATION SPARES $140,185.00 Russian Fed. SEALS $41,209 Russian Fed. GASKETS $281,129 UAE OIL SPARE PARTS $163,000 China WORK VEHICLES $42,713 France VALVE/PARTS $1,179,136 Value of contracts approved this week $6,666,031 Total approved to date: $127,051,090
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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