Identifier
Created
Classification
Origin
07PARAMARIBO256
2007-05-24 16:12:00
UNCLASSIFIED
Embassy Paramaribo
Cable title:
SURINAME/VENEZUELA: PRETROCARIBE DEAL REINSTATED
how-toVZCZCXRO5779 OO RUEHGR DE RUEHPO #0256 1441612 ZNR UUUUU ZZH O 241612Z MAY 07 FM AMEMBASSY PARAMARIBO TO RUEHC/SECSTATE WASHDC IMMEDIATE 9374 INFO RUCNCOM/EC CARICOM COLLECTIVE
UNCLAS PARAMARIBO 000256
SIPDIS
SIPDIS
STATE FOR WHA/CAR: LLUFTIG
E.O. 12958: N/A
TAGS: EPET ENRG ETRD ECON EINV PREL NS
SUBJECT: SURINAME/VENEZUELA: PRETROCARIBE DEAL REINSTATED
UNCLAS PARAMARIBO 000256
SIPDIS
SIPDIS
STATE FOR WHA/CAR: LLUFTIG
E.O. 12958: N/A
TAGS: EPET ENRG ETRD ECON EINV PREL NS
SUBJECT: SURINAME/VENEZUELA: PRETROCARIBE DEAL REINSTATED
1. Contrary to announcements in April, 2007 Suriname has reversed
its position and is now moving ahead with a PetroCaribe agreement
with Venezuela. On May 22, Natural Resources Minister Gregory
Rusland signed an investment agreement with Venezuela's
"Bandesbank," opening the way for Suriname to implement the
PetroCaribe deal. Under this investment agreement, 40 per cent of
the cost of oil GOS purchases will not have to be paid immediately.
Post will continue to monitor this agreement as it is implemented.
SIPDIS
SIPDIS
STATE FOR WHA/CAR: LLUFTIG
E.O. 12958: N/A
TAGS: EPET ENRG ETRD ECON EINV PREL NS
SUBJECT: SURINAME/VENEZUELA: PRETROCARIBE DEAL REINSTATED
1. Contrary to announcements in April, 2007 Suriname has reversed
its position and is now moving ahead with a PetroCaribe agreement
with Venezuela. On May 22, Natural Resources Minister Gregory
Rusland signed an investment agreement with Venezuela's
"Bandesbank," opening the way for Suriname to implement the
PetroCaribe deal. Under this investment agreement, 40 per cent of
the cost of oil GOS purchases will not have to be paid immediately.
Post will continue to monitor this agreement as it is implemented.