Identifier
Created
Classification
Origin
03ABUDHABI1027
2003-03-02 13:25:00
UNCLASSIFIED//FOR OFFICIAL USE ONLY
Embassy Abu Dhabi
Cable title:
UAE PASSES SAUDI ARABIA TO BECOME JAPAN'S TOP OIL
how-tonull Diana T Fritz 05/24/2007 04:58:38 PM From DB/Inbox: Search Results Cable Text: UNCLASSIFIED SIPDIS TELEGRAM March 02, 2003 To: No Action Addressee Action: Unknown From: AMEMBASSY ABU DHABI (ABU DHABI 1027 - ROUTINE) TAGS: ENRG, EPET, ETRD Captions: None Subject: UAE PASSES SAUDI ARABIA TO BECOME JAPAN'S TOP OIL SUPPLIER Ref: None _________________________________________________________________ UNCLAS ABU DHABI 01027 SIPDIS Laser1: INFO: FCS CXABU: ACTION: ECON INFO: P/M AMB DCM POL DISSEMINATION: ECON CHARGE: PROG APPROVED: DCM: RAALBRIGHT DRAFTED: ECON: GARANA CLEARED: ECON: TEWILLIAMS VZCZCADI554 RR RUEHC RUEHHH RUEHDI RHEBAAA RUCPDOC DE RUEHAD #1027 0611325 ZNR UUUUU ZZH R 021325Z MAR 03 FM AMEMBASSY ABU DHABI TO RUEHC/SECSTATE WASHDC 8639 INFO RUEHHH/OPEC COLLECTIVE RUEHDI/AMCONSUL DUBAI 2838 RHEBAAA/USDOE WASHDC RUCPDOC/USDOC WASHDC
UNCLAS ABU DHABI 001027
SIPDIS
SENSITIVE
STATE FOR NEA/ARP, NEA/RA, EB/IEP AND INR/EC
DOE FOR INTERNATIONAL AFFAIRS:COBURN AND CALIENDO
E.O. 12958: N/A
TAGS: ENRG EPET ETRD JA TC
SUBJECT: UAE PASSES SAUDI ARABIA TO BECOME JAPAN'S TOP OIL
SUPPLIER
UNCLAS ABU DHABI 001027
SIPDIS
SENSITIVE
STATE FOR NEA/ARP, NEA/RA, EB/IEP AND INR/EC
DOE FOR INTERNATIONAL AFFAIRS:COBURN AND CALIENDO
E.O. 12958: N/A
TAGS: ENRG EPET ETRD JA TC
SUBJECT: UAE PASSES SAUDI ARABIA TO BECOME JAPAN'S TOP OIL
SUPPLIER
1. (U) According to official figures, UAE oil exports to
Japan increased 20.6% in January 2003 from December 2002.
The Emirates thus officially became the top oil exporter to
Japan, shipping 1.05 million barrels per day (bpd),slightly
larger than the 1.02 million bpd sent from Saudi Arabia.
Almost one-quarter of Japan's oil imports now come from the
UAE.
2. (SBU) Comment: The UAE actually exports more to Japan
than these figures indicate (supplies delivered as a
consequence of long-existing contracts are not reflected in
official figures, particularly as they would probably
indicate significant quota cheating by Abu Dhabi). In any
case, we believe the UAE sends about two-thirds of its
exported oil to Japan, and Japan meets close to one-third of
its imported energy needs from UAE sources. The bilateral
energy relationship is very close; most of Abu Dhabi's LNG
exports also go to Japan and the Tokyo Electric Power
Company -- TEPCO -- is an equity stakeholder in ADGAS, the
main LNG producer. Yet despite continued close ties in
energy, Japanese companies have been notably unsuccessful in
parlaying trade into project awards. Japan sells a large
number of vehicles and other durable goods in the UAE --
particularly machinery and computers -- but Japanese firms
have been noticeably absent from large prestige projects in
the utility and construction sectors. A number of our
Emirati interlocutors have remarked that while Japanese
firms come on strong in initial project presentations, they
do not follow-up as aggressively as their American, European
or Korean competitors and that -- in contrast to the past --
Japanese companies no longer offer the sort of attractive
financing packages for which they used to be famous.
WAHBA
SIPDIS
SENSITIVE
STATE FOR NEA/ARP, NEA/RA, EB/IEP AND INR/EC
DOE FOR INTERNATIONAL AFFAIRS:COBURN AND CALIENDO
E.O. 12958: N/A
TAGS: ENRG EPET ETRD JA TC
SUBJECT: UAE PASSES SAUDI ARABIA TO BECOME JAPAN'S TOP OIL
SUPPLIER
1. (U) According to official figures, UAE oil exports to
Japan increased 20.6% in January 2003 from December 2002.
The Emirates thus officially became the top oil exporter to
Japan, shipping 1.05 million barrels per day (bpd),slightly
larger than the 1.02 million bpd sent from Saudi Arabia.
Almost one-quarter of Japan's oil imports now come from the
UAE.
2. (SBU) Comment: The UAE actually exports more to Japan
than these figures indicate (supplies delivered as a
consequence of long-existing contracts are not reflected in
official figures, particularly as they would probably
indicate significant quota cheating by Abu Dhabi). In any
case, we believe the UAE sends about two-thirds of its
exported oil to Japan, and Japan meets close to one-third of
its imported energy needs from UAE sources. The bilateral
energy relationship is very close; most of Abu Dhabi's LNG
exports also go to Japan and the Tokyo Electric Power
Company -- TEPCO -- is an equity stakeholder in ADGAS, the
main LNG producer. Yet despite continued close ties in
energy, Japanese companies have been notably unsuccessful in
parlaying trade into project awards. Japan sells a large
number of vehicles and other durable goods in the UAE --
particularly machinery and computers -- but Japanese firms
have been noticeably absent from large prestige projects in
the utility and construction sectors. A number of our
Emirati interlocutors have remarked that while Japanese
firms come on strong in initial project presentations, they
do not follow-up as aggressively as their American, European
or Korean competitors and that -- in contrast to the past --
Japanese companies no longer offer the sort of attractive
financing packages for which they used to be famous.
WAHBA