Message-ID: <5829711.1075848281777.JavaMail.evans@thyme> Date: Tue, 1 May 2001 02:56:00 -0700 (PDT) From: john.hardy@enron.com Subject: USG Meetings with Turkish Minister Dervis Cc: steven.kean@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: steven.kean@enron.com X-From: John Hardy X-To: Lloyd C Wantschek@ECT, Eric Shaw@ECT, Ian Johnson@Enron X-cc: Steven J Kean X-bcc: X-Folder: \Steven_Kean_June2001_5\Notes Folders\Turkey X-Origin: KEAN-S X-FileName: skean.nsf Folks OPIC, EXIM and the Department of State each raised the issue of Trakya withTurkish Minister of Economy Dervis yesterday reflecting a unified front of the USG on the issue. Harmon, Chairman of EXIM, apparently did not go into great detail on the situation but EXIM staff had a side conversation with the Deputy Sec'y of Treasury in which the issue was addressed in greater detail. At the OPIC meeting, OPIC focused on Trakya and went through the situation in great detail. Minister Dervis was not aware of all the details, but is now. He stated that the sector had to be cleaned up. He noted that the IMF deal had to first be struck but that the energy sector had to be addressed in the "near term". Drumheller's sense was that in the next several weeks there would be definite action on the part of Treasury or both Trakya and the USG need to take further steps. He wants to go ahead and meet with the lenders with an eye towards preparing the letters re the guarantee and then gear up if necesary to beat on the GOT. Alan Larson, Undersecretary of State for Economic Affairs also spoke to Dervis and stated to the Minister that the continuation of the Trakya situation would become a major public issue between the US and Turkey. That this is now the official position of the Department of State is a huge step forward. Thanks John