As of July 23, official statistics show that the UNCC has allowed over $15 Billion ($15,549,384,227) in war claims to be paid from Iraqi oil revenues - out of a possible $300 Billion plus in claims from 100 nations.
As of August 9, the Office of Iraq Programme: Oil for Food, known as OIP, has allowed nearly $56 Billion ($55,846,000) for food and other necessities. This OIP “allowance” also comes from Iraqi oil revenues – all of which are being administered by the United Nations.
Iraq is therefore a de facto economic prisoner of the United Nations. The Sanctions imposed upon Iraq, by the U.N. Security Council, do not allow Iraq to sell any of its oil, except that which the U.N. “oil-for-food” office (OIP) specifies.
The Office of Iraq Programme reports that: “The first oil under the programme was exported on 10 December 1996. For the first three six month phases the Security Council set a ceiling of two billion dollars on oil exports in each phase. For phases IV and V the ceiling was raised to $5.2 billion but the low price of oil and the state of Iraq's oil industry put that out of reach. In phase VI, the Security Council, resolution 1266 (1999), recognized the earlier shortfalls and permitted Iraq to export an additional $3 billion worth of oil. Security Council resolution 1284 (1999) removed the ceiling on Iraqi oil exports.”
As of August 9, the Office of Iraq Programme: Oil for Food, known as OIP, has allowed nearly $56 Billion ($55,846,000) for food and other necessities. This OIP “allowance” also comes from Iraqi oil revenues – all of which are being administered by the United Nations.
Iraq is therefore a de facto economic prisoner of the United Nations. The Sanctions imposed upon Iraq, by the U.N. Security Council, do not allow Iraq to sell any of its oil, except that which the U.N. “oil-for-food” office (OIP) specifies.
The Office of Iraq Programme reports that: “The first oil under the programme was exported on 10 December 1996. For the first three six month phases the Security Council set a ceiling of two billion dollars on oil exports in each phase. For phases IV and V the ceiling was raised to $5.2 billion but the low price of oil and the state of Iraq's oil industry put that out of reach. In phase VI, the Security Council, resolution 1266 (1999), recognized the earlier shortfalls and permitted Iraq to export an additional $3 billion worth of oil. Security Council resolution 1284 (1999) removed the ceiling on Iraqi oil exports.”