Office of the Iraq Programme Oil for Food

16 May 2000

Oil-for-Food Background Information

Update for the period 6 to 12 May 2000

During the period 6 to 12 May Iraq exported 13.9 million barrels of oil for revenue estimated around $352 million. This brings the total volume exported in phase VII to 273.9 million barrels for revenue of around $6.586 billion.

The total number of contracts approved for the sale of oil under phase VII, which began on 12 December, remains at 101. The approved volume is 351.32 million barrels (204.07m Basrah Light and 147.25m 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 399 applications, worth $920.169 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 98 out of 7577 contracts that have been submitted to the 661 committee.

On the humanitarian side, the Security Council’s 661 Committee has approved $6.035 billion dollars worth of contracts in phases IV to VII and put $1.465 billion on hold for the same period. In phases IV to VII, OIP has received a total of 2,448 contracts worth $1.351 billion for the supply of oil industry spare parts and equipment. Of these contracts, the 661 Committee has approved 1475, worth $756.060 million and put 577, worth $341.760 million, on hold.

This brings the total value of contracts on hold in the humanitarian and oil sectors to $1.807 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 76 thousand tonnes of wheat, around 12 thousand tonnes of rice and almost 16 thousand tonnes of sugar along with pulses, infant formula, cooking oil and detergents. Other arrivals included: spare parts for sprinkler irrigation units, lab furniture, high protein biscuits and therapeutic milk, generator sets, polypropylene bags, mobile radiographic unit and trucks.

(note: a full listing of humanitarian and oil sector contracts for Phases V, VI and VII and their current status is available on the OIP website).

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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		Update for the period 6 to 12 May 2000 During the period 6 to 12 May Iraq exported 13.9 million barrels of oil for revenue estimated around $352 million. This brings the total volume exported in phase VII to 273.9 million barrels for revenue of around $6.586 billion. The total number of contracts approved for the sale of oil under phase VII, which began on 12 December, remains at 101. The approved volume is 351.32 million barrels (204.07m Basrah Light and 147.25m 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 399 applications, worth $920.169 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 98 out of 7577 contracts that have been submitted to the 661 committee. On the humanitarian side, the Security Council’s 661 Committee has approved $6.035 billion dollars worth of contracts in phases IV to VII and put $1.465 billion on hold for the same period. In phases IV to VII, OIP has received a total of 2,448 contracts worth $1.351 billion for the supply of oil industry spare parts and equipment. Of these contracts, the 661 Committee has approved 1475, worth $756.060 million and put 577, worth $341.760 million, on hold. This brings the total value of contracts on hold in the humanitarian and oil sectors to $1.807 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 76 thousand tonnes of wheat, around 12 thousand tonnes of rice and almost 16 thousand tonnes of sugar along with pulses, infant formula, cooking oil and detergents. Other arrivals included: spare parts for sprinkler irrigation units, lab furniture, high protein biscuits and therapeutic milk, generator sets, polypropylene bags, mobile radiographic unit and trucks. (note: a full listing of humanitarian and oil sector contracts for Phases V, VI and VII and their current status is available on the OIP website).
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