Identifier
Created
Classification
Origin
07CARACAS1812
2007-09-13 14:48:00
CONFIDENTIAL//NOFORN
Embassy Caracas
Cable title:  

EXXONMOBIL FILES FOR ARBITRATION

Tags:  EPET ENRG EINV ECON VE 
pdf how-to read a cable
VZCZCXYZ0008
PP RUEHWEB

DE RUEHCV #1812 2561448
ZNY CCCCC ZZH
P 131448Z SEP 07
FM AMEMBASSY CARACAS
TO RUEHC/SECSTATE WASHDC PRIORITY 9704
INFO RUEHAC/AMEMBASSY ASUNCION PRIORITY 0876
RUEHBO/AMEMBASSY BOGOTA PRIORITY 7503
RUEHBR/AMEMBASSY BRASILIA PRIORITY 5984
RUEHBU/AMEMBASSY BUENOS AIRES PRIORITY 1672
RUEHLP/AMEMBASSY LA PAZ SEP 2582
RUEHPE/AMEMBASSY LIMA PRIORITY 0859
RUEHSP/AMEMBASSY PORT OF SPAIN PRIORITY 3483
RUEHQT/AMEMBASSY QUITO PRIORITY 2674
RUEHSG/AMEMBASSY SANTIAGO PRIORITY 3998
RUEHDG/AMEMBASSY SANTO DOMINGO PRIORITY 0504
RUMIAAA/HQ USSOUTHCOM MIAMI FL PRIORITY
RHEHNSC/NSC WASHDC PRIORITY
RHEHAAA/WHITEHOUSE WASHDC PRIORITY
RHEBAAA/DEPT OF ENERGY PRIORITY
RUCPDOC/DEPT OF COMMERCE PRIORITY
RUEATRS/DEPT OF TREASURY PRIORITY
RUCNDT/USMISSION USUN NEW YORK PRIORITY 0919
C O N F I D E N T I A L CARACAS 001812 

SIPDIS

SENSITIVE
SIPDIS

ENERGY FOR CDAY AND ALOCKWOOD
NSC FOR JCARDENAS AND JSHRIER

E.O. 12958: DECL: 9/13/2017
TAGS: EPET ENRG EINV ECON VE
SUBJECT: EXXONMOBIL FILES FOR ARBITRATION

REF: FLATT/DESK EMAIL - SEPTEMBER 12

Classified By: Economic Counselor Andrew N. Bowen for Reason 1.4 (D)

C O N F I D E N T I A L CARACAS 001812

SIPDIS

SENSITIVE
SIPDIS

ENERGY FOR CDAY AND ALOCKWOOD
NSC FOR JCARDENAS AND JSHRIER

E.O. 12958: DECL: 9/13/2017
TAGS: EPET ENRG EINV ECON VE
SUBJECT: EXXONMOBIL FILES FOR ARBITRATION

REF: FLATT/DESK EMAIL - SEPTEMBER 12

Classified By: Economic Counselor Andrew N. Bowen for Reason 1.4 (D)


1. (C) David Perez (strictly protect throughout),the
remaining ExxonMobil (XM) executive in Venezuela, met with
the Ambassador on September 12 (ref. A) to inform him that XM
filed for arbitration on September 6 with the International
Center for Settlement of Investment Disputes (ICSID). XM
filed an 8k with the SEC the afternoon of September 12, which
has since been made public. XM had four to five days to file
the 8k with the SEC following the filing for arbitration.


2. (C) The BRV was advised of the filing of the arbitration
claim on or around September 6 but has refrained from making
any public comments. Perez stated XM reached its decision to
file after senior XM officials met briefly with Venezuelan
Petroleum Corporation (CVP) President Del Pino three weeks
ago. It was clear at the meeting that there had been very
little progress in negotiations and that the sides were still
several billions of dollars apart.


3. (C) Perez stressed that the BRV and XM could still reach a
negotiated settlement. He closed the meeting by asking the
Ambassador to keep the information close hold.

DUDDY