I. Introduction II. Revenue generation

Annex IAllocation of total oil revenue among the various funds and correspondingexpenditures, as at 15 August 20021. As at 15 August 2002, 1,190.0 million euros had been deposited into the accountfor phase XII, as authorised under Security Council resolution 1409 (2002), bringing thetotal oil sale revenue since the inception of the programme to $37,333.9 million and20,289.5 million euros.2 The allocation of total oil proceeds received since the inception of the programme todate and the corresponding expenditures as at 15 August 2002 are as follows:(a) The sums of $19,647.4 million and 11,650.6 million euros have been allocatedfor the purchase of humanitarian supplies by the Government of Iraq, as specified inparagraph 8 (a) of resolution 986 (1995). In addition, $1,433.5 million and 262.2 millioneuros of interest earned in these accounts were available for the purchase of humanitariansupplies in the central and southern governorates of Iraq. Letters of credit issued by theBanque nationale de Paris, on behalf of the United Nations, amounted to approximately$21,915.5 million and 11,683.8 million euros for humanitarian supplies and oil industry spareparts for Iraq; payments amounted to $18,221.4 million and 4,552 million euros under phasesI to XII;(b) The sum of $7,032.5 million has been allocated for the purchase ofhumanitarian goods to be distributed in the three northern governorates by the United NationsInter-Agency Humanitarian Programme, as specified in paragraph 8 (b) of Security Councilresolution 986 (1995) and as revised by paragraph 2 of Security Council Resolution 1153(1998). Expenditures recorded for humanitarian goods approved by the Committee amountedto $5,066.4 million;(c) The sum of $15,813.9 million has been transferred directly into the UnitedNations Compensation Fund, as specified in paragraph 8 (c) of resolution 986 (1995). A totalof $277.5 million has been allotted to cover the operating expenditures of the CompensationCommission up to 31 December 2002 and an amount of $14,915.3 million had been allottedfor payment of various instalments of “A”, “C”, “D”, “E” and “F” claims;(d) The sum of $987.2 million has been allocated for the operational andadministrative expenses of the United Nations associated with the implementation ofresolution 986 (1995), as specified in paragraph 8 (d) of the resolution. Expenditures foradministrative costs for all United Nations entities involved in implementing the resolutionamounted to $667.9 million;(e) The sum of $406.3 million has been allocated for operating expenses of theUnited Nation Special Commission for the Disarmament of Iraq (UNSCOM) and its