Office of the Iraq Programme Oil for Food

4 August 1999

Oil-for-Food Background Information

Update for the period 24 to 30 July 1999

During the week to 30 July 1999, Iraq exported a total of 16.1 million barrels of crude oil for an estimated revenue of $277 million dollars. Since oil exports under Phase VI began on 1 June there have been 124.1million barrels exported for an estimated revenue of about $2.0 billion. To date, about 46 per cent of loadings have been made at Ceyhan.

The Security Council's 661 Committee approved one additional contract for the export of Iraqi oil. This brings the total contracts approved to 75 with a total volume of 355.1 million barrels (200.3m Basrah Light, 154.8m Kirkuk). Another three contracts are pending.

The Office of the Iraq Programme has now received 48 contracts for humanitarian supplies worth $335.89 million under Phase VI. To date, six contracts with a value of $9.316 million have been circulated to the 661 Committee.

So far $1.542 billion worth of contracts for humanitarian supplies have been approved under Phase IV and $1.360 billion under Phase V. There are $56.47 million dollars worth of humanitarian supplies on hold in Phase IV and $293.7 million on hold in Phase V.

The 661 Committee has approved $242.98 million worth of oil spare parts and equipment in Phase IV and put $38.73 million on hold. For Phase V $59.72 million in oil sector equipment has been approved and $82.89 million is currently on hold. (note: a full listing of humanitarian and oil sector contracts for Phase V and their current status is available on the OIP website - www.un.org/depts/oip)

Goods purchased under the programme continue to arrive normally: Arrivals over the past two weeks included: 57,000 tonnes of wheat, 13,101 tonnes of sugar, 2400 tonnes of iodised salt and 3839 tonnes of powdered infant formula milk and 261 tonnes of a contract for 1500 tonnes of cheese. Other arrivals included various pharmaceuticals, electrical equipment and full or partial delivery of ten contracts for oil industry equipment and spare parts. To date around $80 million dollars of oil sector equipment purchased under the terms of resolution 1175 (1998) has arrived in Iraq.

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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 24 to 30 July 1999 During the week to 30 July 1999, Iraq exported a total of 16.1 million barrels of crude oil for an estimated revenue of $277 million dollars. Since oil exports under Phase VI began on 1 June there have been 124.1million barrels exported for an estimated revenue of about $2.0 billion. To date, about 46 per cent of loadings have been made at Ceyhan. The Security Council's 661 Committee approved one additional contract for the export of Iraqi oil. This brings the total contracts approved to 75 with a total volume of 355.1 million barrels (200.3m Basrah Light, 154.8m Kirkuk). Another three contracts are pending. The Office of the Iraq Programme has now received 48 contracts for humanitarian supplies worth $335.89 million under Phase VI. To date, six contracts with a value of $9.316 million have been circulated to the 661 Committee. So far $1.542 billion worth of contracts for humanitarian supplies have been approved under Phase IV and $1.360 billion under Phase V. There are $56.47 million dollars worth of humanitarian supplies on hold in Phase IV and $293.7 million on hold in Phase V. The 661 Committee has approved $242.98 million worth of oil spare parts and equipment in Phase IV and put $38.73 million on hold. For Phase V $59.72 million in oil sector equipment has been approved and $82.89 million is currently on hold. (note: a full listing of humanitarian and oil sector contracts for Phase V and their current status is available on the OIP website - www.un.org/depts/oip) Goods purchased under the programme continue to arrive normally: Arrivals over the past two weeks included: 57,000 tonnes of wheat, 13,101 tonnes of sugar, 2400 tonnes of iodised salt and 3839 tonnes of powdered infant formula milk and 261 tonnes of a contract for 1500 tonnes of cheese. Other arrivals included various pharmaceuticals, electrical equipment and full or partial delivery of ten contracts for oil industry equipment and spare parts. To date around $80 million dollars of oil sector equipment purchased under the terms of resolution 1175 (1998) has arrived in Iraq.
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