UNOIP Weekly Update 11 Jan 2000

Situation Report
Originally published
Update for the period 1 January to 7 January 2000
During the week to 7 January, Iraq exported a total of 6.9 million barrels of crude oil, in five loadings, for an estimated revenue revenue of $151 million dollars. Since oil exports under phase VII began there have been 40.1 million barrels exported for an estimated revenue of $850 million.

In phase VII, the Security Council's 661 Committee has approved a total of 64 contracts for the sale of Iraqi oil with a total volume of 202.2 million barrels (115.1 m Basrah Light, 87.1m Kirkuk).

The Office of the Iraq Programme has now received 1439 contracts for humanitarian supplies worth $3.02 billion under phase VI. Of the 958 contracts circulated to the Security Council's 661 Committee, 656 worth $1.33 billion have been approved. So far $1.57 billion worth of contracts for humanitarian supplies have been approved under phase IV and $1.56 billion under phase V.

At present there are 445 contracts worth $1.432 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, 168 contracts worth $488.4 million and in phase VI, 255 contracts worth $568.2 million.

In Phases IV to VI, OIP has received 1969 contracts worth $1.2 4 billion for the supply of oil industry spare parts and equipment. Of these contracts, the 661 Committee has approved 890 worth $580.7 million and put 430 worth $207.46 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 humanitarian supplies continue to arrive in Iraq. Arrivals over the past week include: 51 thousand tonnes of wheat, 7889 tonnes of sugar, 3947 tonnes of detergents and toilet soaps.

For further information please contact John Mills on 1.212.963 1646