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Cablegate: Spain: Mfa Supportive of Shell/Repsol Framework

This record is a partial extract of the original cable. The full text of the original cable is not available.

140737Z Oct 04

UNCLAS MADRID 003992

SIPDIS

SENSITIVE

E.O. 12958: N/A
TAGS: KNNP ETTC ENRG EPET SP
SUBJECT: SPAIN: MFA SUPPORTIVE OF SHELL/REPSOL FRAMEWORK
AGREEMENT ON IRAN LNG PROJECT

REF: SECSTATE 204528

1. (U) We delivered reftel demarche to Repsol YPF's Director
General for the Eastern Hemisphere and Orient Mario B. Rosso,
as well as to Alberto Moreno Humet, Deputy Director of the
Near East, Ministry of Foreign Affairs and Cooperation.

2. (SBU) Moreno expressed doubt that this issue would gain
any traction within the GOS, in part due to the positive
financial impact that this project could have on Spain,s
dominant petroleum company and former government-owned
monopoly.

3. (U) Rosso has not been available for comment on this
matter. We will forward his response should it be
forthcoming.

4. (SBU) Comment: We anticipate that the potential
financial gains from this project will be the driving factor
in Spanish policy in Iran. Additionally, permitting the
continuation of this project tracks with the GOS impression
that Iran cannot be coerced into a certain type of behavior,
but rather can be managed through stronger political and
economic links.
ARGYROS

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