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Cablegate: Spain's Repsol Not Interested in Investing in Burma

VZCZCXRO1509
RR RUEHAG RUEHDF RUEHIK RUEHLZ RUEHROV
DE RUEHMD #0075 0251748
ZNR UUUUU ZZH
R 251748Z JAN 08
FM AMEMBASSY MADRID
TO RUEHC/SECSTATE WASHDC 4128
INFO RUCNMEM/EU MEMBER STATES COLLECTIVE
RUEHGO/AMEMBASSY RANGOON 0080

UNCLAS MADRID 000075

SIPDIS

SIPDIS

E.O. 12958: N/A
TAGS: EPET PHUM BMGT SP
SUBJECT: SPAIN'S REPSOL NOT INTERESTED IN INVESTING IN BURMA

REF: (A) STATE 6700 (B) 07 STATE 169643 (C) 07 MADRID

2030 (D) 07 MADRID 1934

1. (U) EconOff spoke on 1/24/08 with Repsol's (Repsol is a
multi-billion-dollar Spanish private oil & gas exploration
and development company) Director of Institutional Relations,
Tomas Garcia, regarding possible Repsol interest in investing
in Burma. Garcia told EconOff that Repsol had and has no
interest in Burma. Repsol is focussed on North Africa and
Latin America.

2. (U) Separately, Ministry of Foreign Affairs contacts have
told Embassy officials that they appreciate being kept
informed regarding American sanctions against Burma, but that
Spain does not have an Embassy in Rangoon and maintains only
limited contact with the country. The GOS supports EU
consensus positions on Burma, including possible punitive
actions. The GOS would appreciate being kept informed on
future U.S. initiatives to help the Burmese people.
AGUIRRE

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