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BRIEFING
BY FRED ECKHARD UNITED
NATIONS 7 May 2002 Excerpts . . . **Iraq The Office of the Iraq Programme has been informed by Iraq’s State Oil Marketing Organization that two vessels are expected to arrive at Mina al-Bakr loading terminal. No dates were mentioned for the arrival of the vessels, which would be the first to carry Iraqi oil since Iraq began its month-long suspension of oil exports. Also, there are no vessels scheduled to arrive at the second authorized loading terminal, which is at Ceyhan, Turkey, so far. The Iraq Programme’s weekly update notes that about $1.2 billion in estimated revenue have been lost as a result of the month-long suspension of Iraqi oil exports. Owing to a funding shortfall, about $3.1 billion worth of contracts for the purchase of humanitarian supplies, although approved, could not be funded. The full text of the weekly “oil-for-food” update is available upstairs. . . .
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