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 08HANOI649, VIETNAM'S OIL AND MINING COMPANIES EXTRACT REVENUES WHERE

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. #08HANOI649.
Reference ID Created Released Classification Origin
08HANOI649 2008-06-03 09:46 2011-08-25 00:00 UNCLASSIFIED Embassy Hanoi
VZCZCXRO9715
RR RUEHCHI RUEHDT RUEHHM RUEHNH
DE RUEHHI #0649/01 1550946
ZNR UUUUU ZZH
R 030946Z JUN 08
FM AMEMBASSY HANOI
TO RUEHC/SECSTATE WASHDC 7929
INFO RUEHHM/AMCONSUL HO CHI MINH 4790
RUCNASE/ASEAN MEMBER COLLECTIVE
RUEHC/DEPT OF INTERIOR WASHINGTON DC
RHMFIUU/DEPT OF ENERGY WASHINGTON DC
RUCPDOC/DEPT OF COMMERCE WASHINGTON DC
UNCLAS SECTION 01 OF 02 HANOI 000649 
 
SIPDIS 
 
E.O. 12958: N/A 
TAGS: EAID ECON SENV ENRG TRGY VM
SUBJECT: VIETNAM'S OIL AND MINING COMPANIES EXTRACT REVENUES WHERE 
THEY CAN FIND THEM 
 
REF: (A) HANOI 2064 ("First Oil Refinery Takes Shape"); 
 
 (B) HANOI 1865 ("In Vietnam The Future Is Coal") 
 
HANOI 00000649  001.2 OF 002 
 
 
1. Summary: As rising domestic energy demands compel Vietnam's 
transition from exporter to net importer of crude oil and coal, 
state-run PetroVietnam (PVN) and the Vietnam National Coal-Mineral 
Industries Group (Vinacomin) are expanding their horizons. 
PetroVietnam, which expects a 140 percent increase in revenues in 
2008 due to high oil prices, is expanding overseas exploration and 
production while Vinacomin is preparing to exploit Vietnam's bauxite 
reserves, the world's fourth largest, to compensate for diminishing 
coal exports.  End summary. 
 
PETROVIETNAM LOOKS ABROAD 
------------------------- 
 
2. PetroVietnam (PVN) Vice President of Finance Dr. Nguyen Ngoc Su 
(one of eleven vice presidents at PVN) told a visiting SFRC Staff 
Delegation on May 30 that domestic oil production in Vietnam is 
fading because of declining reserves at Bach Ho (White Tiger), the 
country's biggest oil field.  Vietnam produced 16-18 million tons of 
crude oil in 2007 and exported virtually all of it, he said. 
Vietnam, which currently lacks refining capacity, imported all of 
its gasoline and other refined products in 2007, a total of 9 
million tons.  Rising domestic demand and the introduction of 
refining capacity means Vietnam will shift from a crude oil exporter 
to a net importer by 2015. 
 
3. Dr. Su said near-term domestic oil production in Vietnam could 
fall or rise depending on the outcome of various territorial 
disputes, and he noted that Vietnam has disagreements with China, 
Malaysia, Thailand, and Indonesia.  To make up for diminishing 
reserves at home, PVN is actively investing in overseas offshore 
production and exploitation in places such as Iraq and Kuwait (where 
it is the operator), Peru (where it holds a 100 percent interest in 
Block Z47), Indonesia, Cuba, Iran, Algeria, Mongolia, and Morocco, 
where PVN will build a $600 million fertilizer plant. 
 
4. Oil and gas revenues now comprise 25-30 percent of Vietnam's 
state budget, equivalent to 18-20 percent of GDP.  PVN earned 
approximately $80 billion in 2007 and expects to earn $115-120 
billion in 2008, a 140 percent increase year on year, due largely to 
the increase in oil prices.  The company currently employs 26,000 
people, the biggest SOE in Vietnam, and expects its workforce to 
rise to as many as 40,000 by 2010, he added. 
 
5. Vietnam's first refinery, located in the Dung Quat district of 
central Quang Ngai Province, is expected to enter service in 
February 2009 with an annual refining capacity of 6.5 million tons 
of unleaded gas, diesel, kerosene, and jet fuel (Ref A).  As well, 
construction is now underway on what will be Vietnam's second 
refinery, the $6 billion Nghi Son Petrochemical Complex in northern 
Thanh Hoa province (125 miles south of Hanoi), which will enter 
operation in 2013 with a projected refining capacity of 7-8 million 
tons per year.  The GVN recently announced plans to build a third 
refinery in the Long Son District of southern Ba Ria-Vung Tau 
Province. 
 
6. By 2010, PVN hopes to produce 24 million tons of oil and 17 
billion cubic meters (bcm) of natural gas annually.  Vietnam 
produced seven bcm of gas in 2007.  Chevron recently announced that 
it had found at least 170 bcm of gas in the Malay Basin offshore 
southwest Vietnam - 30 bcm more than first believed.  Much of 
Vietnam's substantial gas reserves are tied up in seemingly 
intractable territorial disputes in the South China Sea, however, so 
attaining these ambitious production targets may require a 
commercial or political settlement. 
 
7. A May 23 agreement between PVN and Russia's Gazprom creates 
additional ties to a foreign partner, allowing for the exploration 
and development of natural gas deposits in four new blocks on the 
Vietnamese shelf.  The agreement also provides for the establishment 
of a new joint venture that would allow PVN to participate in 
projects in Russia and third countries.  According to a Russian 
Embassy official, it is hoped that the impact of the new gas venture 
in Vietnam will rival the VietSovpetro venture during the 1980s that 
brought thousands of Russian oil workers to Vietnam and has 
generated a steady stream of revenues to its Russian partner, 
Zarubezhneft. 
 
WORLD'S FOURTH LARGEST BAUXITE RESERVES 
--------------------------------------- 
 
8. Vietnam National Coal-Mineral Industries Group (Vinacomin), Vice 
President Nguyen Van Hai said Vinacomin and its 22 subsidiary 
companies mine 95 percent of Vietnam's annual coal production and 
currently exports about half of that.  In 2007, Vietnam mined 41 
million tons and exported 23.8 million tons of coal.  The state-run 
 
HANOI 00000649  002.2 OF 002 
 
 
group has now equitized all 22 of its sister companies although 
Vinacomin retains a 51 percent stake in each subsidiary, he said. 
 
9. By 2010, as new coal-fired electricity plants come online, 
domestic demand will increase to 37 million tons per year while 
annual production will rise to 47 million tons, Hai said.  Coal 
shipments to China have dropped by 32 percent Vinacomin plans to 
eliminate Chinese exports altogether in the near future.  By 2012, 
Vietnam will shift from a coal exporter to a net importer (Ref B). 
 
10. Vietnam has the world's fourth largest reserves of bauxite, 
estimated at 2,770 million tons, with most of it in the central 
province of Dak Nong on the border with Laos.  Several of the 
world's largest aluminum production companies, including U.K. / 
Australia-based BHP Billiton, U.S.-based Alcoa, Russia's RUSAL, and 
China's CHALCO, are currently engaged in negotiations with Vinacomin 
and the GVN to establish bauxite mining and alumina refining 
projects that could be worth as much as $10 billion. 
 
11. The GVN is apparently poised to grant Alcoa up to a 40 percent 
stake in a major mining and refining venture.  Vinacomin would hold 
a 51 percent stake in the project while 9 percent would be sold to 
the public.  The venture would mine enough bauxite to refine 600,000 
tons of alumina per year, 100 percent of which the GVN would export 
for aluminum production.  The price of aluminum has increased 
significantly over the last several years and Hai indicated that 
alumina exports could help Vinacomin recoup much of the revenue lost 
because of Vietnam's diminishing coal exports. 
 
MICHALAK 
#0649 
 
 
 
 
 
 
 
NNNN