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Cable en el que un directivo de PDVSA reconoce que Venezuela manipula el precio de su cesta petrolera

En 2009, la embajada en Caracas interpreta la confesión de un directivo como una prueba más de la propensión del Gobierno venezolano a manipular sus estadísticas oficiales

ID: 226509
Date: 2009-09-23 14:24:00
Origin: 09CARACAS1246
Source: Embassy Caracas
Classification: CONFIDENTIAL
Dunno: 09CARACAS1129 09CARACAS564 09CARACAS581 09CARACAS748 09CARACAS852
Destination: VZCZCXRO2533
RR RUEHDE RUEHDH
DE RUEHCV #1246/01 2661424
ZNY CCCCC ZZH
R 231424Z SEP 09
FM AMEMBASSY CARACAS
TO RUEHC/SECSTATE WASHDC 3736
INFO RUEHHH/OPEC COLLECTIVE
RUEHWH/WESTERN HEMISPHERIC AFFAIRS DIPL POSTS
RHEHNSC/NSC WASHDC
RHEHAAA/WHITEHOUSE WASHDC
RHEBAAA/DEPT OF ENERGY
RUCPDOC/DEPT OF COMMERCE
RUEATRS/DEPT OF TREASURY
RUMIAAA/HQ USSOUTHCOM MIAMI FL

C O N F I D E N T I A L SECTION 01 OF 02 CARACAS 001246

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 AND LROSSELLO

E.O. 12958: DECL: 09/21/2019
TAGS: EPET, EINV, ENRG, ECON, VE
SUBJECT: VENEZUELA: INSIGHTS FROM PDVSA'S SENIOR EXECUTIVE
DIRECTOR

REF: A. CARACAS 564
B. CARACAS 581
C. CARACAS 748
D. CARACAS 852
E. CARACAS 1129

CARACAS 00001246 001.2 OF 002


Classified By: Economic Counselor Darnall Steuart, for reasons
1.4 (b) and (d).

1. (C) SUMMARY: XXXXXXXXXXXXX Finally, he confirmed that the Bolivarian Republic of
Venezuela (GBRV) manipulates its Venezuelan Crude Oil basket
index by including refined products in the mix. END SUMMARY.

XXXXXXXXXXX
--------------------------------------------- ---
2. (C) Petroleum Attache (PetAtt) interviewed XXXXXXXXXXXXX when
XXXXXXXXXXX was identified on the visa line by an alert Consular
Officer. XXXXXXXXXXXXX

3. XXXXXXXXXXXXX

XXXXXXXXXXXXX
----------------------------------------
4. XXXXXXXXXXXXX
--------------------------------------------- ----
5. XXXXXXXXXXXXX
--------------------------------------------
6. XXXXXXXXXXXXX

7. XXXXXXXXXXXXX
-------------------------------------
8. XXXXXXXXXXXXX
--------------------------------------------- --
9. (C) In response to PetAtt's question about the narrowing
margin between the Venezuelan crude oil basket price and the
West Texas Intermediate (WTI) crude oil index from over $13
in 2008 to less than $5, XXXXXXXXXXXXX explained that the Venezuelan
crude oil basket was not limited to crude oil, but included
refined petroleum products. He added that PDVSA conducted a
study to verify the basket price, which is maintained by the
MENPET, and determined that it accurately reflected revenue
from all of PDVSA's sales of crude petroleum and refined
products.

10. (C) COMMENT: XXXXXXXXXXXXX spun a convincing narrative regarding
PDVSA's challenges coming out of the global crash in oil
prices. However, his assessment of PDVSA's liability for
expropriated companies was not compelling and could leave one
with the impression that PDVSA has no real intention of
paying for seized oil assets, at least not in the near
future. XXXXXXXXXXXXX admission about Venezuela's
manipulation of its crude oil basket price reinforces
suspicions about the Chavez administration's willingness to
manipulate official government statistics.
DUDDY
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