|
|
|
1 December 1998
|
Oil-for-Food Background Information
|
United Nations receives new
oil-for-food distribution plan
On Saturday 28 November the United Nations received
from the Government of Iraq a new Distribution Plan for the purchase of
humanitarian goods with funds from the sale of Iraqi oil under the terms of
Security Council Resolution 1210, adopted on 24 November.
The Office of the Iraq Programme is now studying more than 1500 pages of annexes to the Distribution Plan detailing the specific items of food, medicine and other supplies for the water, sanitation, power, agriculture, education, shelter and demining sectors to be purchased under the oil-for-food programme. The Distribution Plan is expected to be submitted for the Secretary-General's consideration by the end of this week. Full details of the distribution plan will be made public once approved by the Secretary-General. During the week to 27 November an additional 24 contracts for oil spare parts and equipment were received by the OIP, bringing the number received to 379 with a value of $195,500,165. During the week, the Security Council's 661 committee approved 23 with a total value of $11,504,840. The total approved contracts is now 175 worth $114,311,672. Included in approvals this week are 13 contracts worth $10.5 million approved after earlier being placed on hold. The number of contracts currently on hold is 100 with a total value of $35,073,552. The Security Council in resolution 1175 (1998) authorized Iraq to import up to $300 million dollars worth of spare parts and equipment. (details of the new approvals are attached) During the week, the Office of the Iraq Programme received one contract for humanitarian supplies under Distribution Plan III. Only $4.4 million dollars remains unspent of the $1.2 billion dollars available for the humanitarian programme under Phase III. During the past week, the OIP received 30 contracts under the Enhanced Distribution Plan (DP IV). The 661 Committee approved eleven contracts for a total of 557 approved with a total value of $1.4 billion (excludes oil spares). At present there are 32 contracts on hold. On 30 November, the Oil Overseers, acting under the terms of resolution 1210 (1998), sent to the 661 Committee for approval 13 contracts for the sale of Iraqi oil (for Russian and French companies) and approved, on behalf of the Committee, an additional 10 contracts. Full details of these contracts will be provided in the next update. The Oil Overseers report that the total revenue generated during Phase IV, which ended on 25 November, was $3.04 billion at current prices. During Phase IV there were 252 liftings totalling 308.1 million barrels. Of this, 50.1% was loaded from the port of Ceyhan in Turkey. Fifty two per cent of Iraqi crude was sold for use in Europe, 38 per cent for use in the United States and about 10 per cent for use in countries in Asia. Oil Spare Parts Contracts Approved 21 - 27 November 1998
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| OIP Home Page | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
Produced for media and public
information – not an official United Nations Document |