Volume 1 - Iraq Watch

account for half a year each, were then allocated toyears to obtain the estimate for kickback earnings peryear, as follows:• Phase 7 for 2000.• Phases 8-9 for 2001.• Phases 10-11 (minus $50 million) for 2002.• The $50 million from phases 10-11 for 2003.Oil SurchargesData is based on SOMO actual collections. The programdid not exist prior to 2000.Private SectorData for 1991-97 is based on an ISG estimate for thevalue of cash and barter trade conducted by the Iraqigovernment with private sector entities outside anyProtocol or UN OFF program arrangements duringthe period. The estimate is based on observed oilexport trends in 1997-1998 and an assessment of thedevelopment of Iraq’s illicit trade capabilities. Datafor 1998-2003 is based on SOMO actual collectionsfor cash transactions and the invoice value for bartertrade (no cash or credit “collections” were realizedfrom the barter trade).Regime Financeand Procurement219