Office of the Iraq Programme Oil for Food

4 May 1999

Oil-for-Food Background Information

Weekly Update for 24 April to 30 April 1999

During the past week Iraq exported 15.9 million barrels of oil for an estimated revenue of $240 million dollars. This brings the total revenue for Phase V (26 November 1998 to 24 May 1999) to $3,181 million.

There were no new contracts approved for the export of Iraqi oil. To date the oil overseers and the Security Council's 661 Committee have approved 96 contracts for 359,850,000 barrels of oil (202.6m Basrah Light, 157.25m Kirkuk). One contract has been submitted and is still pending.

So far in Phase V, Iraq has exported 301.7 million barrels - an average of 1.93 million barrels per day for an average revenue of $10.54 a barrel.

In the current reporting period, the OIP received 23 contracts for the supply of oil industry spare parts and equipment worth $25,208,582. Under the terms of resolutions 1175 (1998) and 1210 (1998) the OIP has now received 705 oil sector contracts with a total value of $405,133,477.

The 661 Committee has approved an additional 21 oil sector contracts worth $5,826,669 - this brings the total number of oil sector contracts approved so far to 461 worth $258,584,765. The 661 Committee lifted the hold on four contracts but put another four on hold last week. At present, there are 123 oil sector contracts on hold worth $46,118,606.

The 661 Committee also approved another 20 contracts for humanitarian supplies under Phase V. There were six additional contracts put on hold under Phase V for a total of 65 on hold worth $64.4 million dollars. The Committee has approved 513 Phase V contracts worth 1.14 billion dollars.

During the week to 30 April, 133 trucks carrying humanitarian supplies funded through the oil for food programme, entered Iraq through Zakho, at the border with Turkey, 365 entered through Al-Waleed, at the border with Syria and 268 through Trebil, at the border with Jordan. Ten ships docked at Umm Qasr to discharge humanitarian supplies.

The supplies included 48 thousand tonnes of wheat, 12 thousand tonnes of rice, 8500 tonnes of cooking oil, 629 tonnes of iodized salt and detergents and soap. Along with a range of pharaceuticals and health supplies, other arrivals included: liquified chlorine gas, spare parts for harvesters, school desks, diesel pumps, cucumber and onion seeds, pesticides and car mounted sprayers (for agricultural use).

OIP Home Page

Back to Top

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 24 April to 30 April 1999 During the past week Iraq exported 15.9 million barrels of oil for an estimated revenue of $240 million dollars. This brings the total revenue for Phase V (26 November 1998 to 24 May 1999) to $3,181 million. There were no new contracts approved for the export of Iraqi oil. To date the oil overseers and the Security Council's 661 Committee have approved 96 contracts for 359,850,000 barrels of oil (202.6m Basrah Light, 157.25m Kirkuk). One contract has been submitted and is still pending. So far in Phase V, Iraq has exported 301.7 million barrels - an average of 1.93 million barrels per day for an average revenue of $10.54 a barrel. In the current reporting period, the OIP received 23 contracts for the supply of oil industry spare parts and equipment worth $25,208,582. Under the terms of resolutions 1175 (1998) and 1210 (1998) the OIP has now received 705 oil sector contracts with a total value of $405,133,477. The 661 Committee has approved an additional 21 oil sector contracts worth $5,826,669 - this brings the total number of oil sector contracts approved so far to 461 worth $258,584,765. The 661 Committee lifted the hold on four contracts but put another four on hold last week. At present, there are 123 oil sector contracts on hold worth $46,118,606. The 661 Committee also approved another 20 contracts for humanitarian supplies under Phase V. There were six additional contracts put on hold under Phase V for a total of 65 on hold worth $64.4 million dollars. The Committee has approved 513 Phase V contracts worth 1.14 billion dollars. During the week to 30 April, 133 trucks carrying humanitarian supplies funded through the oil for food programme, entered Iraq through Zakho, at the border with Turkey, 365 entered through Al-Waleed, at the border with Syria and 268 through Trebil, at the border with Jordan. Ten ships docked at Umm Qasr to discharge humanitarian supplies. The supplies included 48 thousand tonnes of wheat, 12 thousand tonnes of rice, 8500 tonnes of cooking oil, 629 tonnes of iodized salt and detergents and soap. Along with a range of pharaceuticals and health supplies, other arrivals included: liquified chlorine gas, spare parts for harvesters, school desks, diesel pumps, cucumber and onion seeds, pesticides and car mounted sprayers (for agricultural use).
OIP Home Page


Back to Top