Identifier
Created
Classification
Origin
06CARACAS1400
2006-05-17 18:02:00
CONFIDENTIAL
Embassy Caracas
Cable title:
SUDDEN DROP IN VENEZUELAN EXPORTS
how-toVZCZCXRO8388 RR RUEHDE DE RUEHCV #1400 1371802 ZNY CCCCC ZZH R 171802Z MAY 06 FM AMEMBASSY CARACAS TO RUEHC/SECSTATE WASHDC 4588 INFO RUEHHH/OPEC COLLECTIVE RUEHBO/AMEMBASSY BOGOTA 6474 RUEHBR/AMEMBASSY BRASILIA 5470 RUEHBU/AMEMBASSY BUENOS AIRES 1219 RUEHLP/AMEMBASSY LA PAZ 2003 RUEHPE/AMEMBASSY LIMA 0239 RUEHSP/AMEMBASSY PORT OF SPAIN 3166 RUEHQT/AMEMBASSY QUITO 2083 RUEHSG/AMEMBASSY SANTIAGO 3521 RUEHDG/AMEMBASSY SANTO DOMINGO 0181 RHEHAAA/WHITEHOUSE WASHDC RHEBAAA/DEPT OF ENERGY RUCNDT/USMISSION USUN NEW YORK 0203 RUCPDOC/DEPT OF COMMERCE RUEATRS/DEPT OF TREASURY RHEHNSC/NSC WASHDC
C O N F I D E N T I A L CARACAS 001400
SIPDIS
SIPDIS
ENERGY FOR CDAY, DPUMPHREY, AND ALOCKWOOD
NSC FOR DTOMLINSON
E.O. 12958: DECL: 11/25/2015
TAGS: EPET ENRG EINV VE
SUBJECT: SUDDEN DROP IN VENEZUELAN EXPORTS
REF: A. CARACAS 01238
B. CARACAS 01363
Classified By: Acting Economic Counselor Shawn E. Flatt for Reason 1.4
(D)
C O N F I D E N T I A L CARACAS 001400
SIPDIS
SIPDIS
ENERGY FOR CDAY, DPUMPHREY, AND ALOCKWOOD
NSC FOR DTOMLINSON
E.O. 12958: DECL: 11/25/2015
TAGS: EPET ENRG EINV VE
SUBJECT: SUDDEN DROP IN VENEZUELAN EXPORTS
REF: A. CARACAS 01238
B. CARACAS 01363
Classified By: Acting Economic Counselor Shawn E. Flatt for Reason 1.4
(D)
1. (C) A senior ExxonMobil representative told Petroleum
Attache on May 17 that Venezuelan crude exports have fallen
by 300,000 barrels. (COMMENT: We believe, given the context
of his remarks, that the representative meant per day. END
COMMENT) The representative also stated ExxonMobil employees
have noticed a sharp decrease in the number of tankers at the
Jose oil terminal. The representative stated ExxonMobil
believes that Venezuelan production has dropped sharply in
recent weeks but is not sure why.
2. (C) COMMENT: As noted in Reftel A, PDVSA has suffered
from a long list of managerial, administrative, and
operational problems stemming in part from Bolivarian
ideology and the firing of thousands of employees as a result
of the 2002-3 strike. We are not aware of any recent event
that would account for a sudden decline in either production
or exports. We also note that it is interesting that PDVSA's
recent push to prove to the USG that Venezuela is reliable
supplier (Reftel B) happens to occur at the very moment we
are hearing reports that exports have suddenly dropped. END
COMMENT
BROWNFIELD
SIPDIS
SIPDIS
ENERGY FOR CDAY, DPUMPHREY, AND ALOCKWOOD
NSC FOR DTOMLINSON
E.O. 12958: DECL: 11/25/2015
TAGS: EPET ENRG EINV VE
SUBJECT: SUDDEN DROP IN VENEZUELAN EXPORTS
REF: A. CARACAS 01238
B. CARACAS 01363
Classified By: Acting Economic Counselor Shawn E. Flatt for Reason 1.4
(D)
1. (C) A senior ExxonMobil representative told Petroleum
Attache on May 17 that Venezuelan crude exports have fallen
by 300,000 barrels. (COMMENT: We believe, given the context
of his remarks, that the representative meant per day. END
COMMENT) The representative also stated ExxonMobil employees
have noticed a sharp decrease in the number of tankers at the
Jose oil terminal. The representative stated ExxonMobil
believes that Venezuelan production has dropped sharply in
recent weeks but is not sure why.
2. (C) COMMENT: As noted in Reftel A, PDVSA has suffered
from a long list of managerial, administrative, and
operational problems stemming in part from Bolivarian
ideology and the firing of thousands of employees as a result
of the 2002-3 strike. We are not aware of any recent event
that would account for a sudden decline in either production
or exports. We also note that it is interesting that PDVSA's
recent push to prove to the USG that Venezuela is reliable
supplier (Reftel B) happens to occur at the very moment we
are hearing reports that exports have suddenly dropped. END
COMMENT
BROWNFIELD