Identifier
Created
Classification
Origin
08ASHGABAT589
2008-05-07 10:45:00
CONFIDENTIAL
Embassy Ashgabat
Cable title:
TURKMENISTAN: LARGEST TURKISH CONSTRUCTION COMPANY
how-toVZCZCXRO7246 PP RUEHAG RUEHBI RUEHCI RUEHLH RUEHPW RUEHROV DE RUEHAH #0589 1281045 ZNY CCCCC ZZH P 071045Z MAY 08 FM AMEMBASSY ASHGABAT TO RUEHC/SECSTATE WASHDC PRIORITY 0766 INFO RUCNCLS/ALL SOUTH AND CENTRAL ASIA COLLECTIVE RUCNCIS/CIS COLLECTIVE RUCNMEM/EU MEMBER STATES COLLECTIVE RUEHAK/AMEMBASSY ANKARA 3746 RUEHBJ/AMEMBASSY BEIJING 1564 RUEHKO/AMEMBASSY TOKYO 1431 RUEHIT/AMCONSUL ISTANBUL 2000 RHEBAAA/DEPT OF ENERGY WASHDC RUEATRS/DEPT OF TREASURY WASHDC RHEHNSC/NSC WASHDC RUCPDOC/DEPT OF COMMERCE WASHDC RHMFISS/CDR USCENTCOM MACDILL AFB FL RUEAIIA/CIA WASHDC RHEFDIA/DIA WASHDC RUEKJCS/JOINT STAFF WASHDC RUEKJCS/SECDEF WASHINGTON DC RUEHVEN/USMISSION USOSCE 2499
C O N F I D E N T I A L ASHGABAT 000589
SIPDIS
STATE FOR SCA/CEN, EEB
STATE PLEASE PASS TO USTDA DAN STEIN
COMMERCE FOR HUEPER
TREASURY FOR BAKER/LANIER
E.O. 12958: DECL: 05/07/2018
TAGS: EPET PREL TU TX
SUBJECT: TURKMENISTAN: LARGEST TURKISH CONSTRUCTION COMPANY
BRANCHES OUT TO ENERGY SECTOR
REF: 07 ASHGABAT 1064
Classified By: Charge d'Affaires a.i. Sylvia Reed Curran for reasons
C O N F I D E N T I A L ASHGABAT 000589
SIPDIS
STATE FOR SCA/CEN, EEB
STATE PLEASE PASS TO USTDA DAN STEIN
COMMERCE FOR HUEPER
TREASURY FOR BAKER/LANIER
E.O. 12958: DECL: 05/07/2018
TAGS: EPET PREL TU TX
SUBJECT: TURKMENISTAN: LARGEST TURKISH CONSTRUCTION COMPANY
BRANCHES OUT TO ENERGY SECTOR
REF: 07 ASHGABAT 1064
Classified By: Charge d'Affaires a.i. Sylvia Reed Curran for reasons 1.
4 (B) and (D).
¶1. (C) During a routine meeting on May 5 with the Planning
Manager of the Turkish construction company, Polimeks
(reftel),EconOff coincidentally met the Business Development
Manager of the newly created Polimeks Energy Corporation,
Deniz Tura. Tura said that Polimeks Energy is interested in
forming joint ventures with U.S. companies in the energy
sector, and is open to work on upstream, midstream,
downstream projects -- depending on what is available --
including offshore. The company's team is in place; its
General Manager is the former CEO of BP in Turkey. Company
representatives have attended recent oil and gas conferences,
including the April 17-18 "Oil and Gas in Turkmenistan"
conference in London. Polimeks will market its new
subsidiary as a local partner, building on its 15 years of
experience in Turkmenistan. However, Tura said, as a company
with Turkish roots, Polimeks Energy is international. At the
end of the conversation, Tura added that "we have a good idea
of what the government is interested in."
¶2. (SBU) COMMENT: With a growing number of foreign oil
companies seeking to become involved in Turkmenistan, energy
holds tremendous potential for profit and longevity in
Turkmenistan. Following in the footsteps of Chalik Group --
and perhaps realizing that Turkmenistan's construction boom
will some day come to an end -- Polimeks is making a
strategic decision to diversify its business. While Polimeks
has proven that it has a strong grasp of the Government of
Turkmenistan's priorities, strict U.S. anti-bribery laws may
inhibit partnership with U.S. firms. END COMMENT.
CURRAN