Keep Us Strong WikiLeaks logo

Currently released so far... 97115 / 251,287

Articles

Browse latest releases

Browse by creation date

Browse by origin

A B C D F G H I J K L M N O P Q R S T U V W Y Z

Browse by tag

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
ETRD EAGR ETTC EAID ECON EFIN ECIN EINV ELAB EAIR ENRG EPET EWWT ECPS EIND EMIN ELTN EC ETMIN EUC EZ ET ELECTIONS ENVR EU EUN EG EINT ER ECONOMICS ES EMS ENIV EEB EN ECE ECOSOC EK ENVIRONMENT EFIS EI EWT ENGRD ECPSN EXIM EIAD ERIN ECPC EDEV ENGY ECTRD EPA ESTH ECCT EINVECON ENGR ERTD EUR EAP EWWC ELTD EL EXIMOPIC EXTERNAL ETRDEC ESCAP ECO EGAD ELNT ECONOMIC ENV ETRN EIAR EUMEM ENRGPARMOTRASENVKGHGPGOVECONTSPLEAID EREL ECOM ECONETRDEAGRJA ETCC ETRG ECONOMY EMED ETR ENERG EITC EFINOECD EURM EENG ERA EXPORT ENRD ECONEINVETRDEFINELABETRDKTDBPGOVOPIC EGEN EBRD EVIN ETRAD ECOWAS EFTA ECONETRDBESPAR EGOVSY EPIN EID ECONENRG EDRC ESENV ETT EB ENER ELTNSNAR ECHEVARRIA ETRC EPIT EDUC ESA EFI ENRGY ESCI EE EAIDXMXAXBXFFR EETC ECIP EIAID EIVN EBEXP ESTN EING EGOV ETRA EPETEIND ELAN ETRDGK EAIDRW ETRDEINVECINPGOVCS EPEC ENVI ELN EAG EPCS EPRT EPTED ETRB EUM EAIDS EFIC EFINECONEAIDUNGAGM EAIDAR ESF EIDN ELAM EDU EV EAIDAF ECN EDA EXBS EINTECPS ENRGTRGYETRDBEXPBTIOSZ EPREL EAC EINVEFIN ETA EAGER EINDIR ECA ECLAC ELAP EITI EUCOM ECONEFINETRDPGOVEAGRPTERKTFNKCRMEAID EARG ELDIN EINVKSCA ENNP EFINECONCS EFINTS ECCP ETC EAIRASECCASCID EINN ETRP EAIDNI EFQ ECOQKPKO EGPHUM EBUD ECONEINVEFINPGOVIZ ENERGY ELB EINDETRD EMI ECONEFIN EIB EURN ETRDEINVTINTCS EIN EFIM ETIO ELAINE EMN EATO EWTR EIPR EINVETC ETTD ETDR EIQ ECONCS EPPD ENRGIZ EISL ESPINOSA ELEC EAIG ESLCO EUREM ENTG ERD EINVECONSENVCSJA EEPET EUNCH ECINECONCS ETRO ETRDECONWTOCS ECUN EFND EPECO EAIRECONRP ERGR ETRDPGOV ECPN ENRGMO EPWR EET EAIS EAGRE EDUARDO EAGRRP EAIDPHUMPRELUG EICN ECONQH EVN EGHG ELBR EINF EAIDHO EENV ETEX ERNG ED
KMDR KPAO KPKO KJUS KCRM KGHG KFRD KWMN KDEM KTFN KHIV KGIC KIDE KSCA KNNP KHUM KIPR KSUM KISL KIRF KCOR KRCM KPAL KWBG KN KS KOMC KSEP KFLU KPWR KTIA KSEO KMPI KHLS KICC KSTH KMCA KVPR KPRM KE KU KZ KFLO KSAF KTIP KTEX KBCT KOCI KOLY KOR KAWC KACT KUNR KTDB KSTC KLIG KSKN KNN KCFE KCIP KGHA KHDP KPOW KUNC KDRL KV KPREL KCRS KPOL KRVC KRIM KGIT KWIR KT KIRC KOMO KRFD KUWAIT KG KFIN KSCI KTFIN KFTN KGOV KPRV KSAC KGIV KCRIM KPIR KSOC KBIO KW KGLB KMWN KPO KFSC KSEAO KSTCPL KSI KPRP KREC KFPC KUNH KCSA KMRS KNDP KR KICCPUR KPPAO KCSY KTBT KCIS KNEP KFRDCVISCMGTCASCKOCIASECPHUMSMIGEG KNNB KGCC KINR KPOP KMFO KENV KNAR KVIR KDRG KDMR KFCE KNAO KDEN KGCN KICA KIMMITT KMCC KLFU KMSG KSEC KUM KCUL KMNP KSMT KCOM KOMCSG KSPR KPMI KRAD KIND KCRP KAUST KWAWC KTER KCHG KRDP KPAS KITA KTSC KPAOPREL KWGB KIRP KJUST KMIG KLAB KTFR KSEI KSTT KAPO KSTS KLSO KWNN KPOA KHSA KNPP KPAONZ KBTS KWWW KY KJRE KPAOKMDRKE KCRCM KSCS KWMNCI KESO KWUN KPLS KIIP KEDEM KPAOY KRIF KGICKS KREF KTRD KFRDSOCIRO KTAO KJU KWMNPHUMPRELKPAOZW KEN KO KNEI KEMR KKIV KEAI KWAC KRCIM KWCI KFIU KWIC KCORR KOMS KNNO KPAI KBWG KTTB KTBD KTIALG KILS KFEM KTDM KESS KNUC KPA KOMCCO KCEM KRCS KWBGSY KNPPIS KNNPMNUC KWN KERG KLTN KALM KCCP KSUMPHUM KREL KGH KLIP KTLA KAWK KWMM KVRP KVRC KAID KSLG KDEMK KX KIF KNPR KCFC KFTFN KTFM KPDD KCERS KMOC KDEMAF KMEPI KEMS KDRM KEPREL KBTR KEDU KNP KIRL KNNR KMPT KISLPINR KTPN KA KJUSTH KPIN KDEV KTDD KAKA KFRP KWNM KTSD KINL KJUSKUNR KWWMN KECF KWBC KPRO KVBL KOM KFRDKIRFCVISCMGTKOCIASECPHUMSMIGEG KEDM KFLD KLPM KRGY KNNF KICR KIFR KM KWMNCS KAWS KLAP KPAK KDDG KCGC KID KNSD KMPF KPFO KDP KCMR KRMS KNPT KNNNP KTIAPARM KDTB KNUP KPGOV KNAP KNNC KUK KSRE KREISLER KIVP KQ KTIAEUN KPALAOIS KRM KISLAO KWM KFLOA
PHUM PINR PTER PGOV PREL PREF PL PM PHSA PE PARM PINS PK PUNE PO PALESTINIAN PU PBTS PROP PTBS POL POLI PA PGOVZI POLMIL POLITICAL PARTIES POLM PD POLITICS POLICY PAS PMIL PINT PNAT PV PKO PPOL PERSONS PING PBIO PH PETR PARMS PRES PCON PETERS PRELBR PT PLAB PP PAK PDEM PKPA PSOCI PF PLO PTERM PJUS PSOE PELOSI PROPERTY PGOVPREL PARP PRL PNIR PHUMKPAL PG PREZ PGIC PBOV PAO PKK PROV PHSAK PHUMPREL PROTECTION PGOVBL PSI PRELPK PGOVENRG PUM PRELKPKO PATTY PSOC PRIVATIZATION PRELSP PGOVEAIDUKNOSWGMHUCANLLHFRSPITNZ PMIG PREC PAIGH PROG PSHA PARK PETER POG PHUS PPREL PS PTERPREL PRELPGOV POV PKPO PGOVECON POUS PGOVPRELPHUMPREFSMIGELABEAIDKCRMKWMN PWBG PMAR PREM PAR PNR PRELPGOVEAIDECONEINVBEXPSCULOIIPBTIO PARMIR PGOVGM PHUH PARTM PN PRE PTE PY POLUN PPEL PDOV PGOVSOCI PIRF PGOVPM PBST PRELEVU PGOR PBTSRU PRM PRELKPAOIZ PGVO PERL PGOC PAGR PMIN PHUMR PVIP PPD PGV PRAM PINL PKPAL PTERE PGOF PINO PHAS PODC PRHUM PHUMA PREO PPA PEPFAR PGO PRGOV PAC PRESL PORG PKFK PEPR PRELP PREFA PNG PGOVPHUMKPAO PRELECON PINOCHET PFOR PGOVLO PHUMBA PRELC PREK PHUME PHJM POLINT PGOVPZ PGOVKCRM PGOVE PHALANAGE PARTY PECON PEACE PROCESS PLN PRELSW PAHO PEDRO PRELA PASS PPAO PGPV PNUM PCUL PGGV PSA PGOVSMIGKCRMKWMNPHUMCVISKFRDCA PGIV PRFE POGOV PEL PBT PAMQ PINF PSEPC POSTS PHUMPGOV PVOV PHSAPREL PROLIFERATION PENA PRELTBIOBA PIN PRELL PGOVPTER PHAM PHYTRP PTEL PTERPGOV PHARM PROTESTS PRELAF PKBL PRELKPAO PKNP PARMP PHUML PFOV PERM PUOS PRELGOV PHUMPTER PARAGRAPH PERURENA PBTSEWWT PCI PETROL PINSO PINSCE PQL PEREZ PBS

Browse by classification

Community resources

courage is contagious

Viewing cable 07CARACAS1822,

If you are new to these pages, please read an introduction on the structure of a cable as well as how to discuss them with others. See also the FAQs

Understanding cables
Every cable message consists of three parts:
  • The top box shows each cables unique reference number, when and by whom it originally was sent, and what its initial classification was.
  • The middle box contains the header information that is associated with the cable. It includes information about the receiver(s) as well as a general subject.
  • The bottom box presents the body of the cable. The opening can contain a more specific subject, references to other cables (browse by origin to find them) or additional comment. This is followed by the main contents of the cable: a summary, a collection of specific topics and a comment section.
To understand the justification used for the classification of each cable, please use this WikiSource article as reference.

Discussing cables
If you find meaningful or important information in a cable, please link directly to its unique reference number. Linking to a specific paragraph in the body of a cable is also possible by copying the appropriate link (to be found at theparagraph symbol). Please mark messages for social networking services like Twitter with the hash tags #cablegate and a hash containing the reference ID e.g. #07CARACAS1822.
Reference ID Created Released Classification Origin
07CARACAS1822 2007-09-14 16:38 2011-06-09 00:00 CONFIDENTIAL//NOFORN Embassy Caracas
Appears in these articles:
http://www.aftenposten.no/spesial/wikileaksdokumenter/article4004196.ece
VZCZCXRO8015
RR RUEHDE
DE RUEHCV #1822/01 2571638
ZNY CCCCC ZZH
R 141638Z SEP 07
FM AMEMBASSY CARACAS
TO RUEHC/SECSTATE WASHDC 9716
INFO RUEHHH/OPEC COLLECTIVE
RUEHAC/AMEMBASSY ASUNCION 0879
RUEHBO/AMEMBASSY BOGOTA 7506
RUEHBR/AMEMBASSY BRASILIA 5987
RUEHBU/AMEMBASSY BUENOS AIRES 1675
RUEHLP/AMEMBASSY LA PAZ 2585
RUEHPE/AMEMBASSY LIMA 0862
RUEHSP/AMEMBASSY PORT OF SPAIN 3486
RUEHQT/AMEMBASSY QUITO 2677
RUEHSG/AMEMBASSY SANTIAGO 4001
RUEHDG/AMEMBASSY SANTO DOMINGO 0507
RUMIAAA/HQ USSOUTHCOM MIAMI FL
RHEHAAA/WHITEHOUSE WASHDC
RHEBAAA/DEPT OF ENERGY
RUCNDT/USMISSION USUN NEW YORK 0922
RUCPDOC/DEPT OF COMMERCE
RUEATRS/DEPT OF TREASURY
RHEHNSC/NSC WASHDC
CO N F I D E N T I A L SECTION 01 OF 02 CARACAS 001822

SIPDIS

SENSITIVE SIPDIS

ENERGY FOR CDAY AND ALOCKWOOD NSC FOR JCARDENAS AND JSHRIER

E.O. 12958: DECL: 01/12/2017 TAGS: EPET ENRG EINV ECON VE

REF: A. CARACAS 1281

B. CARACAS 1655 C. CARACAS 472 D. CARACAS 1314 E. CARACAS 1675 F. CARACAS 1157 G. CARACAS 1808 

Classified By: [Text removed by Aftenposten] for Reason 1.4 (D)

1. (C) SUMMARY: Contrary to repeated BRV statements, Norways Statoil will receive cash compensation for its lost equity in the Sincor strategic association. Under the terms of the migration agreement, major investment decisions will be made by qualified majority. PDVSA has been instructed not to fire employees on political grounds. This suggests that PDVSA offered widely varying terms to at least some of the six companies that invested in the Faja strategic associations. END SUMMARY

------------------ A PRETTY GOOD DEAL ------------------

2. (C) Petroleum Attache (Petatt) met with Statoil Venezuela President Thore Kristiansen (strictly protect throughout) on September 12 to discuss the terms of the Sincor migration to a PDVSA-controlled joint venture (Reftel A). Kristiansen began the meeting by noting that Statoil received a good deal under the circumstances. Contrary to Energy Minister Rafael Ramirez public statement on August 29 that neither Statoil or Total received compensation for their lost equity in the Sincor strategic association. Kristiansen stated that PDVSA has agreed to compensate Statoil. (Note: Under the terms of the migration, Statoils stake in Sincor was reduced from 15 to 10%. End Note.)

3. (C) According to Kristiansen, Statoil will receive its compensation in the form of cash but has the option of receiving it in crude oil. He stated he was more than 90% sure that Statoil would take the cash. Although he would not state the amount of the compensation, he implied that it was well above book value, which was PDVSAs opening offer. He stated Statoil would have refused to migrate its interest if it had only received book value.

4. (C) As reported in Reftel A, Energy Minister Ramirez also stated that each of the strategic associations blocks would be reduced during the migration process. When Petatt raised the issue, Kristiansen stated Sincors block had actually been increased from roughly 312 square kilometers to 399 square kilometers. He explained that Sincors original block assignment had contained several areas that were reserved to Sincor but that could not be added to its block without BRV approval. As part of the migration process, the reserved areas will be added to Petrocedino, the PDVSA controlled joint venture that will be formed from Sincor.

---------- GOVERNANCE ----------

5. (C) Kristiansen also stated that Statoil was pleased with the governance terms of Petrocedino. Various types of decisions require board approval by qualified majorities of 51, 71, or 91%. The joint ventures business plan and all major investment decisions require a qualified majority. Kristiansen stated the governance terms looked good on paper but added it remained to be seen if the BRV and PDVSA would honor them in practice. He later stated, however, that having the terms in "black and white" would allow Statoil to "hold it up to PDVSAs face" if PDVSA breached the terms.

------------ LABOR ISSUES ------------

6. (C) Kristiansen noted that the opposition paper Tal Cual had run several stories reporting that Sincor employees had been fired on political grounds (Reftel B). Following the publication of the stories, Kristiansen stated Minister Ramirez sent a three page memo to senior PDVSA officials stating that it was a violation of Venezuelan law to discriminate against employees or fire them for their political beliefs. He added that it was clear from conversations with PDVSA managers in Sincor that they had clearly received the message. Kristiansen noted that it remained to be seen if PDVSA would stick to its new labor policy once the migration was completed.

7. (C) Kristiansen stated Sincor employees have still not received their new Petrocedino employment package. He added that there was no timeline for the delivery of the package to the employees.

------- COMMENT -------

8. (C) Kristiansen told Petatt in March that the three most important issues for Statoil during the migration negotiations were compensation, governance, and taxes (Reftel C). Although he did not mention taxes in the meeting, it was clear that Statoil was pleased with the terms of the migration. Statoils comments regarding governance issues closely mirror Chevrons (Reftel D).

9. (C) It is apparent based on our conversations with five of the six companies that invested in the Faja strategic associations that the BRV offered widely differing terms to the companies. For example, the BRV reduced Cerro Negros block size and BP paid half a million dollars in notes in order to minimize the blocks reduction (Reftel E). Both ExxonMobil and ConocoPhillips stated the BRV has consistently stated it would only compensate them based on the book value of their investments and refused to show flexibility on governance terms (Reftels F and G).

DUDDY