Identifier
Created
Classification
Origin
07MOSCOW124
2007-01-16 14:27:00
CONFIDENTIAL
Embassy Moscow
Cable title:
RUSSIAN ENERGY: LUKOIL, ISA, AND IRAN
how-toVZCZCXRO8776 OO RUEHDBU RUEHFL RUEHKW RUEHLA RUEHROV RUEHSR DE RUEHMO #0124 0161427 ZNY CCCCC ZZH O 161427Z JAN 07 FM AMEMBASSY MOSCOW TO RUEHC/SECSTATE WASHDC IMMEDIATE 6385 INFO RUEHZL/EUROPEAN POLITICAL COLLECTIVE PRIORITY RUEHXD/MOSCOW POLITICAL COLLECTIVE PRIORITY RHEHNSC/NSC WASHDC PRIORITY RHEBAAA/DEPT OF ENERGY WASHDC PRIORITY RUCPDOC/DEPT OF COMMERCE WASHDC PRIORITY
C O N F I D E N T I A L MOSCOW 000124
SIPDIS
SIPDIS
DEPT FOR EUR/RUS WARLICK
DEPT FOR EB/ESC SIMON
DOE FOR HARBERT
DOC FOR 4231/IEP/EUR/JBROUGHER
NSC FOR GRAHAM AND MCKIBBEN
E.O. 12958: DECL: 01/16/2017
TAGS: EPET ENRG ECON PREL RS
SUBJECT: RUSSIAN ENERGY: LUKOIL, ISA, AND IRAN
REF: A. 06 STATE 179840
B. 06 STATE 201110
Classified By: Econ M/C Pamela Quanrud for reasons 1.4 (b/d).
C O N F I D E N T I A L MOSCOW 000124
SIPDIS
SIPDIS
DEPT FOR EUR/RUS WARLICK
DEPT FOR EB/ESC SIMON
DOE FOR HARBERT
DOC FOR 4231/IEP/EUR/JBROUGHER
NSC FOR GRAHAM AND MCKIBBEN
E.O. 12958: DECL: 01/16/2017
TAGS: EPET ENRG ECON PREL RS
SUBJECT: RUSSIAN ENERGY: LUKOIL, ISA, AND IRAN
REF: A. 06 STATE 179840
B. 06 STATE 201110
Classified By: Econ M/C Pamela Quanrud for reasons 1.4 (b/d).
1. (C) In response to reftels, Post has approached Lukoil
three times over the past two months about the firm's
possible investment in the Azadegan oil project in Iran. In
Mid-November, econoff drew on reftel A points to express USG
concern about press reports suggesting a possible Lukoil
investment in Azadegan with a contact in Lukoil's
international cooperation department. On December 22 and
January 11, Econ M/C raised USG concerns with senior
management at the firm in both Moscow and New York.
According to those contacts, the firm has consulted
extensively internally about the legal and economic
implications of such an investment, including under the Iran
Sanctions Act. They said that Lukoil has a 20 percent stake
in a consortium with Norsk Hydro, which holds the other 80
percent. They told us that the consortium plans to spend USD
5 million or less per year on the venture and has no plans
for any new investment outside of this vehicle.
RUSSELL
SIPDIS
SIPDIS
DEPT FOR EUR/RUS WARLICK
DEPT FOR EB/ESC SIMON
DOE FOR HARBERT
DOC FOR 4231/IEP/EUR/JBROUGHER
NSC FOR GRAHAM AND MCKIBBEN
E.O. 12958: DECL: 01/16/2017
TAGS: EPET ENRG ECON PREL RS
SUBJECT: RUSSIAN ENERGY: LUKOIL, ISA, AND IRAN
REF: A. 06 STATE 179840
B. 06 STATE 201110
Classified By: Econ M/C Pamela Quanrud for reasons 1.4 (b/d).
1. (C) In response to reftels, Post has approached Lukoil
three times over the past two months about the firm's
possible investment in the Azadegan oil project in Iran. In
Mid-November, econoff drew on reftel A points to express USG
concern about press reports suggesting a possible Lukoil
investment in Azadegan with a contact in Lukoil's
international cooperation department. On December 22 and
January 11, Econ M/C raised USG concerns with senior
management at the firm in both Moscow and New York.
According to those contacts, the firm has consulted
extensively internally about the legal and economic
implications of such an investment, including under the Iran
Sanctions Act. They said that Lukoil has a 20 percent stake
in a consortium with Norsk Hydro, which holds the other 80
percent. They told us that the consortium plans to spend USD
5 million or less per year on the venture and has no plans
for any new investment outside of this vehicle.
RUSSELL