Annex I

Allocation of total oil revenue among the various funds and corresponding expenditures, as at 30 April 2001

1 As at 30 April 2001, 3,253.8 million Euros had been deposited into the account for phase IX as authorized under Security Council resolution 1330 (2000), bringing the total value of oil sales since inception to US$ 37,333.9 million and 4,833.4 million Euros.

2 The allocation of total oil proceeds received from inception to date and the corresponding expenditures as at 30 April 2001 are as follows:

(a) $19,488.4 million and 2,719.3 million Euros have been allocated for the purchase of humanitarian supplies by the Government of Iraq, as specified in paragraph 8 (a) of resolution 986 (1995). In addition, $892.3 million and 9.5 million Euros of interest earned in these accounts were available for the purchase of humanitarian supplies in the central and southern governorates of Iraq. Letters of credit issued by the Banque Nationale de Paris on behalf of the United Nations amounted to approximately $19,538 million for humanitarian supplies and oil industry spare parts for Iraq and payments amounted to $11,431.6 million under phases I to IX;

(b) The sum of $5,259.4 million has been allocated for the purchase of humanitarian goods to be distributed in the three northern governorates by the United Nations Inter-Agency Humanitarian Programme, as specified in paragraph 8 (b) of Council resolution 986 (1995) and as revised by paragraph 2 of Council resolution 1153 (1998). Expenditures recorded for humanitarian goods approved by the Committee amounted to $3,192.2 million;

 (c) The sum of $12,343.7 million has been transferred directly into the United Nations Compensation Fund, as specified in paragraph 8 (c) of Council resolution 986 (1995). As at 30 April 2001, a total of $224.9 million had been allotted to cover the operating expenditures of the Compensation Commission up to 31 December 2001, and an amount of $10,737.8 million had been allotted for payment of various instalments of"A", "C", "D", "E" and "F" claims;

 (d) The sum of $844.1 million has been allocated for the operational and administrative expenses of the United Nations associated with the implementation of resolution 986 (1995), as specified in paragraph 8 (d) of the resolution. Expenditures for and the administrative costs of all United Nations entities involved in implementing the resolution amounted to $477.1 million;

 (e) The sum of $303.8 million has been allocated for operating expenses of the United Nations Special Commission for the Disarmament of Iraq and its successor the United Nations Monitoring, Verification and Inspection Commission, established by Council resolution 1284 (1999), as specified in paragraph 8 (e) of Council resolution 986 (1995). Expenditures for the Commission amounted to $90 million;

 (f) The sum of $870 million has been set aside for the cost of transporting petroleum and petroleum products originating in Iraq and exported via the Kirkuk Yumurtalik pipeline through Turkey, in accordance with paragraph 8 (f) of Council resolution 986 (1995) and in line with procedures adopted by the Committee. Of that amount, $796 million has been paid to the Government of Turkey;

 (g) The sum of $129.5 million has been transferred directly to the escrow account established pursuant to Council resolutions 706 (1991) of 15 August 1991 and 712 (1991) of 19 September 1991 for the repayments envisaged under paragraph 6 of resolution 778 (1992) of 2 October 1992, as specified in paragraph 8 (g) of resolution 986(1995) and subsequently in paragraph 34 of my report number dated 1 February 1996 (S/1996/978). The total repayments made amounted to $129.5 million.