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 09BAGHDAD222, UPDATE ON IRAQ STATE OWNED ENTERPRISE JOINT VENTURE

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. #09BAGHDAD222.
Reference ID Created Released Classification Origin
09BAGHDAD222 2009-01-28 13:48 2011-08-24 16:30 UNCLASSIFIED//FOR OFFICIAL USE ONLY Embassy Baghdad
VZCZCXRO6920
RR RUEHBC RUEHDA RUEHDE RUEHIHL RUEHKUK
DE RUEHGB #0222/01 0281348
ZNR UUUUU ZZH
R 281348Z JAN 09
FM AMEMBASSY BAGHDAD
TO RUEHC/SECSTATE WASHDC 1444
INFO RUCNRAQ/IRAQ COLLECTIVE
UNCLAS SECTION 01 OF 02 BAGHDAD 000222 
 
SIPDIS 
SENSITIVE 
 
E.O. 12958: N/A 
TAGS: EINV IZ
 
SUBJECT: UPDATE ON IRAQ STATE OWNED ENTERPRISE JOINT VENTURE 
PROGRESS 
 
REF: A. 09 BAGHDAD 0152 
      B. 08 BAGHDAD 3924 
 
SENSITIVE BUT UNCLASSIFIED.  PLEASE PROTECT ACCORDINGLY. 
 
1. (SBU) SUMMARY: The Iraqi Ministry of Industry and Minerals (MIM) 
has completed two tender rounds for joint venture (JV) arrangements 
between MIM and private investors in its state owned enterprises 
(SOE).  While progress has been slow, SOE investment commitments 
from investors from Japan, Germany, Romania, Egypt and the U.S. now 
total over 800 Million USD (Reftel A).  END SUMMARY 
 
A SOLUTION FOR TODAY'S IRAQ 
--------------------------- 
2. (SBU) In a recent meeting with Fawzi Hariri, Minister of Industry 
and Minerals, (Reftel A) the Minister was generally upbeat on the 
overall progress, noting continued international investor interest. 
This progress and continued interest is noteworthy given MIM's 
structuring of the JVs, in which the GOI maintains ownership of the 
SOE, while the international investors take over management and 
operations in order to share in a negotiated percentage of SOE 
output. 
 
Working closely with MIM, DOD's Task Force for Business Stability 
Operations (TFBSO) has also served as the critical link between GOI 
offerings for JV projects and the private investor community.  TFBSO 
has provided consulting, training, and in some cases, factory 
refurbishment in preparation for production.  The GOI requirements 
that payroll levels be maintained has proved a significant barrier 
to investor interest, but the GOI continues to believe this is a 
necessary step to prevent exacerbating the unemployment problem and 
possibly triggering civil unrest. (Reftel B) 
 
Current Status of Investments 
----------------------------- 
3. (U) JVs have been signed and executed for the following SOE 
investments: 
 
      - Cement Plant, Kirkuk.  150 Million USD, German/Iraqi 
consortium, 15 year term, consortium to receive < 65% of production, 
must maintain payroll at current level and provide power generation 
for plants. 
 
      - Al Qa'im Cement, Anbar.  150 Million USD, Romanian/Iraqi 
consortium, 15 year term, consortium to receive < 65% of production, 
must maintain payroll at current level and provide power generation 
for plants. 
 
4. (U) SOE JVs approved by Council of Ministers (COM), awaiting 
contract signing: 
 
      - Diyala Electric, Diyala.  80 Million USD, Egyptian/Iraqi 
Consortium (Al Suwidi group), 15 year term, consortium to receive 
85% of production, must maintain payroll at current level and 
provide power generation for plants. 
 
      - Beiji Fertilizer, Salah ad Din.  210 Million USD, 
Japanese/Iraqi Consortium (Marubeni group), 15 year term, consortium 
to receive 61.5% of production, must maintain payroll at current 
level and provide power generation for plants. 
 
      - Falluja White Cement, Anbar.  25 Million USD, German/Iraqi 
Consortium (IM Consulting and Michael Peters), 15 years term, 
consortium to receive 78% of production, must maintain payroll at 
current level and provide power generation for plants. 
 
5. (U) The following SOEs have JV agreements pending cabinet 
approval and contract signing: 
 
      - Kubaysa Cement, Anbar.  150 Million USD, German /Iraqi 
Consortium, 15 year term, consortium to receive < 65% of production, 
must maintain payroll at current level and provide power generation 
for plant. 
 
      - Sinjar Cement.  100 Million USD, Japanese/American/Iraqi 
Consortium, 15 year term, consortium to receive < 65% of production, 
must maintain payroll at current level and provide power generation 
for plant. 
 
6. (SBU) The following notable SOE JV agreement is under 
negotiation: 
 
      - Steel Plant, Basra.  1 Billion USD, ArcelorMittal. 
Q      - Steel Plant, Basra.  1 Billion USD, ArcelorMittal. 
(Agreement in near term at the level of financing previously 
discussed is unlikely, given decreasing global demand for steel and 
steel products and the overall global economic slowdown) 
 
7. (SBU) COMMENT:  Some sectors of the international investment 
community find that the SOE JV model does not fit their investment 
strategy, or more simply put, they do not want to go in to business 
 
BAGHDAD 00000222  002 OF 002 
 
 
with the GOI.  Still, progress is measurable and interest from 
investors continues.  While not an ideal market solution in the long 
term, the SOE JV program is a pragmatic step in the near term that 
addresses the political and security concerns stemming from a rapid 
rise an unemployment that would occur if SOEs were shut down or 
downsized.  The embassy, together with TFBSO, will continue to work 
with both the GOI and potential investors to bring new capital and 
expertise to Iraqi firms and to prepare for eventual privatizations. 
 END COMMENT 
CROCKER