ID:251032
    Date:2010-02-26 13:31:00
    Origin:10CARACAS233
    Source:Embassy Caracas
    Classification:CONFIDENTIAL
    Dunno:09CARACAS1593 09STATE99343 10CARACAS155
    Destination:VZCZCXRO4257
RR RUEHAO
DE RUEHCV #0233/01 0571331
ZNY CCCCC ZZH
R 261331Z FEB 10 ZFF3
FM AMEMBASSY CARACAS
TO RUEHC/SECSTATE WASHDC 0527
INFO OPEC COLLECTIVE
WESTERN HEMISPHERIC AFFAIRS DIPL POSTS
RHEBAAA/DEPT OF ENERGY WASHINGTON DC
RHEHAAA/NATIONAL SECURITY COUNCIL WASHINGTON DC
RHEHNSC/WHITE HOUSE NATIONAL SECURITY COUNCIL WASHINGTON DC
RHMFISS/HQ USSOUTHCOM MIAMI FL
RUCPDOC/DEPT OF COMMERCE WASHINGTON DC
RUEATRS/DEPT OF TREASURY WASHINGTON DC
    
C O N F I D E N T I A L SECTION 01 OF 02 CARACAS 000233 
 
SIPDIS 
ENERGY FOR ALOCKWOOD AND LEINSTEIN, DOE/EIA FOR MCLINE 
HQ SOUTHCOM ALSO FOR POLAD 
TREASURY FOR MKACZMAREK 
COMMERCE FOR 4332/MAC/WH/JLAO 
NSC FOR DRESTREPO, RCRANDALL AND LROSSELLO 
OPIC FOR BSIMONEN-MORENO 
AMEMBASSY BRASILIA PASS TO AMCONSUL RECIFE 
AMEMBASSY OTTAWA PASS TO AMCONSUL QUEBEC 
AMEMBASSY BRIDGETOWN PASS TO AMEMBASSY GRENADA 
 
E.O. 12958: DECL: 2020/02/26 
TAGS: EPET, EINV, ENRG, ECON, VE 
SUBJECT: VENEZUELA: PDVSA Director XXXXXXXXXXXX 
 
REF: 10 CARACAS 155; 09 CARACAS 1593; 09 STATE 99343 
 
CLASSIFIED BY: Darnall Steuart, Economic Counselor, DOS, Econ; 
REASON: 1.4(B), (D) 
 
1. XXXXXXXXXXXXX 
2. XXXXXXXXXXXXX 
 
 
 
3. XXXXXXXXXXXXX 
 
CARACAS 00000233  002 OF 002 
 
 
4. XXXXXXXXXXXXX 
 
 
 
5. (C) PDVSA ON CHINA AND RUSSIA: XXXXXXXXXXXXX stated that negotiations 
with CNPC to form a mixed petroleum production company in the Junin 
4 block of the Orinoco heavy oil belt had stalled and might be in 
jeopardy, but that negotiations with the Russian consortium for a 
project in Junin 6 were progressing.  He claimed that the GBRV is 
extremely upset with Chinese companies due to the discrepancy 
between Chinese petroleum import statistics that suggest the PRC is 
profiting from Venezuelan oil purchases by diverting the crude to 
third markets and earning a sizable margin between the price the 
Chinese companies pay the GBRV and the price they receive on the 
open market for the same shipment.  XXXXXXXXXXXXX intimated that tankers 
had been diverted to the U.S., Africa, and elsewhere in Asia. 
Furthermore, PDVSA had analyzed its crude sales to China and 
determined that China had only paid $5/barrel of crude on a couple 
of deals. 
 
 
 
6. XXXXXXXXXXXXX 
 
 
 
7. XXXXXXXXXXXXX 
 
 
 
8. XXXXXXXXXXXXX
DUDDY