Update for the period 22 to 28 April 2000
During the period 22 to 28 April Iraq exported 16.2 million barrels of oil for
revenue estimated around $325 million. This brings the total volume exported in phase VII
to 244.7 million barrels for revenue of around $5.789 billion.
The Security Councils 661 Committee last week approved two additional
contracts for the export of Iraqi crude oil, totaling 3.2 million barrels. One was with a
Swiss company to export 2 million barrels of Basrah light to the USA and the Far East and
the other with a Nigerian company to export 1.2 million barrels of Basrah light to the Far
East. This brings the total number of contracts approved for the sale of oil under phase
VII that began on 11 December, to 101. The approved volume is 349.32 million barrels
(201.07m Basrah Light and 148.25m Kirkuk).
Since the accelerated procedures for the approval of contracts for humanitarian
supplies for Iraq came into force on 1 March 2000, the Office of the Iraq Programme has
notified the 661 committee of 356 applications, worth $818.96 million. These contracts are
for items on the lists approved by
the Committee in the food, health, education and agriculture sectors.
Over the past week the Office of the Iraq Programme received eight contracts
deemed to included possible dual- use items affected by the provisions of resolution 1051
(1996). The cumulative total of applications under this category in phases IV to VII is
now 95 out of 7418 contracts.
On the humanitarian side, the Security Councils 661 Committee has approved
$5.769 billion dollars worth of contracts in phases IV to VII and put $1.612 billion on
hold for the same period. In phases IV to VII, OIP has received a total of 2,367 contracts
worth $1.295 billion for the supply of oil industry spare parts and equipment. Of these
contracts, the 661 Committee has approved 1433, worth $738.739 million and put 570, worth
$335.978 million, on hold.
This brings the total value of contracts on hold in the humanitarian and oil
sectors to $1.948 billion.
Humanitarian supplies and equipment for the oil industry continue to arrive
normally through the three land border points and at the Iraqi port of Umm Qasr. Arrivals
included nearly 26 thousand tonnes of rice, around 15 thousand tonnes of sugar and almost
three thousand tonnes of cooking oil along with pulses, infant formula and detergents.
Apart from a range of medicines and health equipment other arrivals included: working
clothes, spares for electrical networks, circulating water pumps, tanker trucks, tractor
spare parts, forklift trucks and refrigerators.