UNITED NATIONS,
February 20 (Xinhuanet) -- Iraqi oil exports under the United Nations
oil-for-food program continued to fall over the past week, according to a
U.N. office overseeing the matter. During the review period
ending February 15, Iraq exported 10.6 million barrels of oil, representing a
downturn from 11.5 million barrels in the previous week and over 13 million
barrels the week before that, the office reported. With oil
selling at an average price of 20.40 euros or 17.85 U. S. dollars per barrel,
Baghdad received an estimated 217 million euros or 189 million dollars
during the most recent week. Meanwhile a record 5.32 billion
dollars worth of humanitarian supplies in contracts have been blocked,
mainly by the United States. The figure includes 44 new
contracts worth 119.5 million dollars that were put on hold over the past
week, the office said, taking the "inadequate information" on their end-use
in Iraq as the reason. The U.N. oil-for-food program,
launched in 1996, allows Iraq to sell oil and use part of the receipts to buy
food, medicine and other essentials for its 22 million people to offset the
impact of the U.N. embargo imposed on Iraq for its 1990 invasion of Kuwait.
Enditem
|