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Viewing cable 07PARAMARIBO256, SURINAME/VENEZUELA: PRETROCARIBE DEAL REINSTATED

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Reference ID Created Released Classification Origin
07PARAMARIBO256 2007-05-24 16:12 2011-08-26 00:00 UNCLASSIFIED Embassy Paramaribo 
VZCZCXRO5779
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 
 
 
ΒΆ1.  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.