Baghdad earns $84 million under UN humanitarian 'oil-for-food' scheme
The UN attributed this relatively low export level to bad weather conditions at one of the loading platforms and uncertainties surrounding the renewal of the oil-for-food programme earlier this month. Those uncertainties were since resolved on 4 December when the Security Council extended the programme through 3 June 2003.
Under a new system that speeds the approval of humanitarian contracts for Iraq, the Office of the Iraq Programme has approved 2,972 contracts worth about $4 billion after assessment by the UN Monitoring, Verification and Inspection Commission (UNMOVIC) and the International Atomic Energy Agency (IAEA) that they do not contain "dual-use" items named on the "Goods Review List."
An additional 1,176 contracts worth about $3.7 billion were found to be non-compliant with the List. UNMOVIC and the IAEA will require additional technical information from suppliers to enable final assessments on those items.