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$19 BN According to Colin Rowat and the folk at CASI you can conjure up a gross figure of $19 bn by projecting the current sales for Phase VIII to a whole year. This figure, of course, does not take into account the subtractions for war reparations, UN expenses etc... Recall that Clinton had claimed - falsely - that this $19 bn (which actually seems to be a prediction of *future* revenues) was money that "[Saddam Hussein] can use exclusively for food, for medicine, to develop his country." THE PERCENTAGE DEDUCTIONS The percentage deductions thing is a little bit complicated. It used to be that there was a 53% account for central/south Iraq, a 13% account for the northern governorates and 30% was deducted for the compensation fund. The remaining 4% was (more or less) used for "UN expenses" : UNSCOM, OIP etc... For the next phase (Phase IX), the percentage paid into the Compensation Fund may drop to 25%. As for the 4% allocated to UN expenses, UN SCR 1284 (para. 20) was supposed to take 1% away from this and the Secretary-General recommended that this be added to the 53% account to create a 54% account. According to the S-G's September 2000 report these funds "have been allocated for the purposes set out in paragraph 8 (a) of resolution 986 (1995)" (ie. "to finance the export to Iraq, in accordance with the procedures of the Committee established by resolution 661 (1990), of medicine, health supplies, foodstuffs, and materials and supplies for essential civilian needs, as referred to in paragraph 20 of resolution 687 (1991)"). It isn't clear to me exactly how these funds are split between the south/centre and the northern governorates. (In his Septemeber 2000 report the S-G says that "information on how oil sales proceeds are distributed among the various sub-accounts is contained in the weekly report of the Office of the Iraq Programme, which is provided to the Security Council Committee and to the Permanent Mission of Iraq to the United Nations.") To summarise. Currently 33% (30% + 3%) goes for compensation, UN expenses etc... If the compensation gets reduced to 25% in the next phase this figure will drop to 28%. -- ----------------------------------------------------------------------- This is a discussion list run by the Campaign Against Sanctions on Iraq For removal from list, email firstname.lastname@example.org Full details of CASI's various lists can be found on the CASI website: http://www.casi.org.uk