this used to be photo

WikiLeaks

HAITI SIGNS PETROLEUM EXPLORATION CONTRACT WITH VENEZUELAN FIRM

Oct. 13, 1976, 8:57 p.m.

1. PRESIDENT DUVALIER ANNOUNCED THE SIGNATURE OF A PETROLEUM CONVENTION WITH Z VENEZUELAN FIRM, HIDROCARBUEROS Y DERIVADOS C.A. (HIDECA), IN A TELEVISED SPEECH MONDAY EVENING. THE CONCESSION AREAS WERE NOT SPECIFIED ALTHOUGH INAREM OFFICIALS TOLD EMBASSY OFFICERS THAT FOUR AREAS ARE INVOLVED INCLUDING THE PLATEAU CENTRALE IN NORTH CENTRAL HAITI. THE CONTRACT TERMS INCLUDE A 60 PERCENT SHARE OF NET PROFITS FOR HAITI, THE COMPLETION OF ONE WELL IN 1977, AND POSSIBLE CONTRACT RENEGOTIATION IN 7 TO 10 YEARS. 2. INFORMED SOURCES ARE NOT OPTIMISTIC ABOUT HIDECA'S PROSPECTS. CRUX LTD., A SUBSIDIARY OF THE CONSTELLATION GROUP OF DENVER, COLORADO, ALREADY CONTROLS THE FIVE MOST PROMISING CONCESSIONS: THE CUL DE SAC BASIN NEAR PORT AU PRINCE, THE GULF OF GONAVE, THE ARTIBONITE VALLEY, THE CAP HAITIIEN BASIN IN THE NORTH, AND THE LES CAYES BASIN THE SOUTHWEST. HIDECA'S MAIN INTEREST PROBABLY IS THE PLATEAU CENTRALE WHERE TWO WELLS WERE DRILLED 30 YEARS AGO. SMALL QUANTITIES OF HYDROCARBONS WERE SAID TO HAVE BEEN FOUND. UNCLASSIFIED UNCLASSIFIED PAGE 02 PORT A 02793 141348Z 3. THE NEW CONTRACT DEMONSTRATES GOH DETERMINATION TO DEVELOP POSSIBLE RESOURCES, CONTINUES A MARKED PREFERENCE TO DEAL WITH SMALLER INDEPENDENT COMPANIES, AND PROVIDES VENEZUELA WITH A LOW COST OPPORTUNITY TO EXPAND ITS INFLUENCE IN THE CARIBBEAN. ISHAM UNCLASSIFIED NNN