Known Oil Voucher Recipients
Regime Finance and Procurement - Annex B
This annex contains the 13 secret lists maintained by Vice President Taha Yasin Ramadan al-Jizrawi and the Minister for Oil, Amir Rashid Muhammad al-Ubaydi.
A high-level SOMO official provided ISG with both English and Arabic versions of these lists on 16 June 2004. The lists reproduced here are the original SOMO translations in English.
The 13 lists coincide with the 13 six-month phases of the UN OFF Program. Saddam’s oil allocations were distributed in six-month cycles, in synchronization with the UN OFF phases.
These lists contain the following information:
The estimated profit earned by allocation holders during that period in US dollars per barrel. This figure is SOMO’s estimation based on the price differential between Iraq’s prices and the market price for crude.
The allocation holder (including their nationality) and the name of the company lifting the oil on their behalf.
The quantity of oil allocated for each individual, company, or organization.
The quantity of oil lifted by that allocation holder during that period.
It is important to note that, in many cases, the individual, company, or organization named on the SOMO lists never converted their allocations into finalized contracts (signed by SOMO). These contracts were required to draw the vouchers to actually lift the oil. In other cases, voucher recipients never lifted all the oil designated in their vouchers, while others, on occasion, lifted more than their share. It is also important to note that, in many cases, receiving an oil voucher and lifting the oil was a legitimate transaction under the Oil For Food Program.
The former Regime imposed a 10-cent per barrel surcharge on the oil allocations starting in the middle of the eighth UN OFF phase (September 2000). Recipients were instructed to deposit the surcharges in specific bank accounts held by Iraq in Jordan and Lebanon or to deliver the cash to one of Iraq’s Embassies. SOMO was directed to refuse allocation contracts to anyone not willing to pay the surcharge. Many individuals, companies, and organizations refused to pay this surcharge. As a result, the ninth phase list reflects only the names of recipients who agreed to the surcharge and actually lifted oil.
After the ninth phase, Saddam instructed SOMO not to sign any voucher contracts for individuals, companies, or organizations until they paid their past due surcharges. These unused allocations are evident in the phase 10 to 13 lists. This arrangement persisted through April 2003 when OIF commenced.