Iraqi petrol exports earn $338 million under UN's oil-for-food scheme
Iraqi oil revenues for the week ending 21 February totalled $338 million based on the export of 11.9 million barrels, according to the United Nations office overseeing the humanitarian "oil-for-food" programme, which allows Baghdad to use a portion of its petroleum sales to buy relief supplies.
According to the Office of the Iraq Programme (OIP), the exports averaged about 1.7 million barrels a day. There were 11 loadings from the authorized terminals: four from the Iraqi oil platform at Mina al-Bakr (7.3 million barrels) and seven from the Turkish Mediterranean oil terminal at Ceyhan (4.6 million barrels). These are the only outlets for Iraqi oil exports allowed under OIP.
Of 5,814 total contracts for humanitarian supplies, worth $11 billion, the OIP has approved 4,364 worth about $6.6 billion after the UN Monitoring, Verification and Inspection Commission (UNMOVIC) and the International Atomic Energy Agency (IAEA) determined that they do not contain proscribed items.