During the week to 31 December 1999, Iraq exported a total of 18.6 million barrels of crude oil, in fifteen loadings, for an estimated revenue of $419 million dollars. Since oil exports under phase VII began there have been 33.2 million barrels exported for an estimated revenue of $742 million.
In phase VII, the Security Council's 661 Committee has approved a total of 55 contracts for the sale of Iraqi oil with a total volume of 184.7 million barrels (104.1m Basrah Light, 80.6m Kirkuk).
The Office of the Iraq Programme has now received 1346 contracts for humanitarian supplies worth $2.84 billion under phase VI. Of the 926 contracts circulated to the Security Council's 661 Committee, 635 worth $1.3 billion have been approved. So far $1.57 billion worth of contracts for humanitarian supplies have been approved under phase IV and $1.5 billion under phase V.
At present there are 447 contracts worth $1.095 billion dollars for the purchase of humanitarian supplies on hold: in phase IV, 22 contracts worth $36.6 million dollars are on hold; in phase V, 176 contracts worth $515 million and in phase VI, 249 contracts worth $543 million.
In Phases IV to VI, OIP has received 1918 contracts worth $1.2 billion for the supply of oil industry spare parts and equipment. Of these contracts, the 661 Committee has approved 864 worth $433.2 million and put 433 worth $213.2 million on hold. (note: a full listing of humanitarian and oil sector contracts for Phases V and VI and and their current status is available on the OIP website).
Meanwhile supplies continue to arrive in Iraq. Arrivals over the past week include: 42 thousand tonnes of wheat, 4858 tonnes of detergents and soaps, 1771 tonnes of cooking oil and 300 tonnes of pulses.
For further information please contact John Mills on 1.212.963