During the week to 14 January, Iraq exported a total of 14.2 million barrels of crude oil, in twelve loadings, for an estimated revenue of $346 million dollars. Since oil exports under phase VII began there have been 54.3 million barrels exported worth around $1.328 billion.
In phase VII, the Security Council's 661 Committee has approved a total of 76 contracts for the sale of Iraqi oil with a total volume of 220.8 million barrels (128.1m Basrah Light, 92.7m Kirkuk).
The Office of the Iraq Programme has now received 1490 contracts for humanitarian supplies worth $3.07 billion under phase VI. Of the 1012 contracts circulated to the Security Council's 661 Committee, 685 worth $1.34 billion have been approved. So far $1.62 billion worth of contracts for humanitarian supplies have been approved under phase IV and $2.15 billion under phase V.
At present there are 465 contracts worth $1.127 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, 166 contracts worth $483.3 million and in phase VI, 277 contracts worth $607.2 million.
In Phases IV to VI, OIP has received 2003 contracts worth $1.11 billion for the supply of oil industry spare parts and equipment. Of these contracts, the 661 Committee has approved 907 worth $453.4 million and put 448 worth $224.6 million on hold.
In the past week, OIP circulated to the 661 Committee 99 contracts including for the supply of medicines, and, in the agriculture sector, contracts for soybean meal, poultry house fans and cooling, helicopter spare parts, sprinklers, tractor and combine spares. In the electricity sector, contracts circulated included turbine systems and spares, control and protection systems and forklifts and contracts for for upgrading six telecommunications exchanges.
For further information please contact John Mills on 1.212.963