Update for the period 29 January to
4 February 2000
During the week to 4 February, Iraq exported a total of 11.8 million barrels of crude oil, in twelve loadings, for estimated revenue of $303 million dollars. Since oil exports under phase VII began there have been 88.9 million barrels exported for estimated revenue of $2143 million.
In phase VII, the Security Council's 661 Committee has approved a total of 92 contracts for the sale of Iraqi oil with a total volume of 254.6 million barrels (150 m Basrah Light, 104.6m Kirkuk).
The Office of the Iraq Programme has now received 1650 contracts for humanitarian supplies worth $3.2 billion under phase VI. Of the 1189 contracts circulated to the Security Council's 661 Committee, 799 worth $1.48 billion have been approved. So far $1.57 billion worth of contracts for humanitarian supplies have been approved under phase IV and $1.57 billion under phase V.
At present there are 555 contracts worth $1.34 billion dollars for the purchase of humanitarian supplies on hold: in phase IV, 22 contracts worth $36.61 million dollars are on hold; in phase V, 173 contracts worth $541 million and in phase VI, 360 contracts worth $771 million.
In Phases IV to VI, OIP has received 2108 contracts worth $1.18 billion for the supply of oil industry spare parts and equipment. Of these contracts, the 661 Committee has approved 1007 worth $ 509.7 million and put 529 worth $297.6 million on hold.
Supplies purchased under the programme continue to arrive normally. Arrivals over the past week included: medicines and lab rooms furniture, excavators, protein and feed concentrates, agriculture tractors and oil spares. In addition, 7,443 tones of wheat; 39,800 tones of sugar and 13,309 tones of cooking oil arrived in the country last week.
For further information please contact John Mills on 1.212.963 1646