Identifier
Created
Classification
Origin
09ZAGREB697
2009-12-01 09:51:00
CONFIDENTIAL
Embassy Zagreb
Cable title:
RESPONSE TO REQUEST FOR INFORMATION ON INA'S IRAN
how-toVZCZCXYZ0000 PP RUEHWEB DE RUEHVB #0697 3350951 ZNY CCCCC ZZH P 010951Z DEC 09 FM AMEMBASSY ZAGREB TO RUEHC/SECSTATE WASHDC PRIORITY 9687 INFO RUEATRS/DEPT OF TREASURY WASHDC PRIORITY
C O N F I D E N T I A L ZAGREB 000697
SIPDIS
DEPT FOR EEB/ESC TOM HAMMANG, EEB/TFS CHRIS BACKEMEYER,
NEA/IR RAJEEV WADHWANI; TREASURY FOR INTERNATIONAL AFFAIRS
LARRY NORTON AND OFAC
E.O. 12958: DECL: 11/30/2019
TAGS: ECON ENRG EPET ETTC IR PREL HR
SUBJECT: RESPONSE TO REQUEST FOR INFORMATION ON INA'S IRAN
INVESTMENT
REF: STATE 121808
Classified By: Econ Officer Derek Westfall, reasons 1.4 (b) and (d)
(C)
C O N F I D E N T I A L ZAGREB 000697
SIPDIS
DEPT FOR EEB/ESC TOM HAMMANG, EEB/TFS CHRIS BACKEMEYER,
NEA/IR RAJEEV WADHWANI; TREASURY FOR INTERNATIONAL AFFAIRS
LARRY NORTON AND OFAC
E.O. 12958: DECL: 11/30/2019
TAGS: ECON ENRG EPET ETTC IR PREL HR
SUBJECT: RESPONSE TO REQUEST FOR INFORMATION ON INA'S IRAN
INVESTMENT
REF: STATE 121808
Classified By: Econ Officer Derek Westfall, reasons 1.4 (b) and (d)
(C) 1. In response to reftel, Economic officer met with
Emilija Margeta, Director of Bilateral Economic Affairs at
the Ministry of Foreign Affairs. She promised to send us
information to the questions in reftel regarding the
activities of Croatia's oil and gas company INA in Iran,
which we will report septel as appropriate. She explained
that INA's investment in Iran was well below the $20 million
threshold for sanctions and that INA was careful to keep it
that way. She further explained that INA wished to maintain
a foothold in Iran in anticipation of the day that Iran's
economy was more open and no longer subject to sanctions.
She had no further information on the nature of the
investment or its contribution to Iran's hydrocarbon sector.
We have a meeting scheduled with INA for early next week at
which we will pose the same questions. We will report any
additional information we learn from these meetings.
FOLEY
SIPDIS
DEPT FOR EEB/ESC TOM HAMMANG, EEB/TFS CHRIS BACKEMEYER,
NEA/IR RAJEEV WADHWANI; TREASURY FOR INTERNATIONAL AFFAIRS
LARRY NORTON AND OFAC
E.O. 12958: DECL: 11/30/2019
TAGS: ECON ENRG EPET ETTC IR PREL HR
SUBJECT: RESPONSE TO REQUEST FOR INFORMATION ON INA'S IRAN
INVESTMENT
REF: STATE 121808
Classified By: Econ Officer Derek Westfall, reasons 1.4 (b) and (d)
(C) 1. In response to reftel, Economic officer met with
Emilija Margeta, Director of Bilateral Economic Affairs at
the Ministry of Foreign Affairs. She promised to send us
information to the questions in reftel regarding the
activities of Croatia's oil and gas company INA in Iran,
which we will report septel as appropriate. She explained
that INA's investment in Iran was well below the $20 million
threshold for sanctions and that INA was careful to keep it
that way. She further explained that INA wished to maintain
a foothold in Iran in anticipation of the day that Iran's
economy was more open and no longer subject to sanctions.
She had no further information on the nature of the
investment or its contribution to Iran's hydrocarbon sector.
We have a meeting scheduled with INA for early next week at
which we will pose the same questions. We will report any
additional information we learn from these meetings.
FOLEY