Identifier
Created
Classification
Origin
05ANKARA5299
2005-09-12 11:11:00
UNCLASSIFIED//FOR OFFICIAL USE ONLY
Embassy Ankara
Cable title:
TURKEY'S RESPONSE TO ENERGY SUPPLY DISRUPTION
how-toThis record is a partial extract of the original cable. The full text of the original cable is not available. 121111Z Sep 05
UNCLAS ANKARA 005299
SIPDIS
USDOC FOR 4212/ITA/MAC/CPD/CRUSNAK
DOE FOR CHARLES WASHINGTON
SENSITIVE
E.O. 12958: N/A
TAGS: EPET ENRG ECON TU
SUBJECT: TURKEY'S RESPONSE TO ENERGY SUPPLY DISRUPTION
REF: STATE 163206
Sensitive But Unclassified. Please Handle Accordingly.
UNCLAS ANKARA 005299
SIPDIS
USDOC FOR 4212/ITA/MAC/CPD/CRUSNAK
DOE FOR CHARLES WASHINGTON
SENSITIVE
E.O. 12958: N/A
TAGS: EPET ENRG ECON TU
SUBJECT: TURKEY'S RESPONSE TO ENERGY SUPPLY DISRUPTION
REF: STATE 163206
Sensitive But Unclassified. Please Handle Accordingly.
1. (SBU) SUMMARY: Turkey confirmed its participation in the
IEA coordinated emergency response stock release related to
the Katrina energy supply disruption. Turkey released
refined products from state refiner TUPRAS. End Summary.
2. (SBU) In a September 2 meeting with Econ Counselor, GOT
MFA DDG Energy Mithat Rende said he had just spoken with IEA
Director Claude Mandil to inform him of Turkey's approval of
the recommended oil stock release in response to energy
supply disruptions from Hurricane Katrina. The IEA
announced a coordinated release of oil and refined product
stocks in an equivalent amount of 2 million bpd for 30 days
(Reftel). MFA subsequently confirmed to EnergyOff that
Turkey had commenced its share of the release on September 8
in an amount of 28,650 bpd of gasoline and diesel by ordered
release from state refiner TUPRAS.
3. (SBU) Rende pointed out that high domestic gasoline
prices (currently almost $8 per gallon) had reduced consumer
demand by 7.6 %. Moreover, he emphasized that the GOT had
implemented full pass-through of oil price costs to refined
product prices.
4. (SBU) In response to a question from Econ Counselor,
Mithat said that oil supplies and prices were not a topic of
discussion between the GOT and Saudi Arabia or other major
OPEC producers.
5. (SBU) Comment: A 51 % share of state refiner TUPRAS will
be put up for auction on September 12, garnering significant
domestic and foreign interest (however we are not aware of
U.S. companies). While this prospective privatization
clearly augurs well for Turkey's investment environment,
ironically it will make it a little harder to impose
national stock release, when it is potentially no longer a
state company.
McEldowney
SIPDIS
USDOC FOR 4212/ITA/MAC/CPD/CRUSNAK
DOE FOR CHARLES WASHINGTON
SENSITIVE
E.O. 12958: N/A
TAGS: EPET ENRG ECON TU
SUBJECT: TURKEY'S RESPONSE TO ENERGY SUPPLY DISRUPTION
REF: STATE 163206
Sensitive But Unclassified. Please Handle Accordingly.
1. (SBU) SUMMARY: Turkey confirmed its participation in the
IEA coordinated emergency response stock release related to
the Katrina energy supply disruption. Turkey released
refined products from state refiner TUPRAS. End Summary.
2. (SBU) In a September 2 meeting with Econ Counselor, GOT
MFA DDG Energy Mithat Rende said he had just spoken with IEA
Director Claude Mandil to inform him of Turkey's approval of
the recommended oil stock release in response to energy
supply disruptions from Hurricane Katrina. The IEA
announced a coordinated release of oil and refined product
stocks in an equivalent amount of 2 million bpd for 30 days
(Reftel). MFA subsequently confirmed to EnergyOff that
Turkey had commenced its share of the release on September 8
in an amount of 28,650 bpd of gasoline and diesel by ordered
release from state refiner TUPRAS.
3. (SBU) Rende pointed out that high domestic gasoline
prices (currently almost $8 per gallon) had reduced consumer
demand by 7.6 %. Moreover, he emphasized that the GOT had
implemented full pass-through of oil price costs to refined
product prices.
4. (SBU) In response to a question from Econ Counselor,
Mithat said that oil supplies and prices were not a topic of
discussion between the GOT and Saudi Arabia or other major
OPEC producers.
5. (SBU) Comment: A 51 % share of state refiner TUPRAS will
be put up for auction on September 12, garnering significant
domestic and foreign interest (however we are not aware of
U.S. companies). While this prospective privatization
clearly augurs well for Turkey's investment environment,
ironically it will make it a little harder to impose
national stock release, when it is potentially no longer a
state company.
McEldowney