Message to INFODIO readers: investigative journalism, which is what this site does, takes lots of time. Time is money. Regular visitors from banks' compliance departments, academia, business intelligence, and law enforcement are encouraged to donate cost of three coffees -if they find useful information here- so we can continue our efforts. Visiting media looking for a quick run down on Venezuela's gargantuan corruption, have the decency to at least cite the source when plagiarising this site's content without attribution (exhibit Reuters here and here, exhibit Bloomberg here, exhibit OCCRP here). To all readers, do the right thing, the honest thing: support independent investigative journalism, help us expose rampant corruption. Note added 28/06/2021: impostors are using this site's editor full name, and fake email addresses (alek.boyd.arregui@gmail.com) to send copyright infringement claims / take down requests to web hosting companies (exhibit Hostgator). The attempt is yet another effort paid by utterly corrupt thugs to erase information about their criminal activities. Infodio.com has no issues with other websites / journalists using / posting information published here, so long as the source is properly cited.

UPDATED: Reliance got an OFAC license to trade with PDVSA: four cargoes to be lifted in August

SEE UPDATE BELOW - The latest back in chavista land is that Reliance, Mukesh Ambani's energy company, is due to lift four cargoes in August, in addition to 1MB lifted in early July. Sources have informed this site that Reliance has gotten an OFAC license from U.S. Treasury to trade with PDVSA. A call made to Treasury to corroborate was replied with an explanation that only licensee/s, or their legal counsel, can obtain information about own license/s: no information can be given to third parties.

This demonstrates a change of tack in Treasury's sanctions regime against chavismo and PDVSA. As previously reported, Spain's Repsol and Italy's ENI have kept lifting PDVSA crude. In July, Repsol is slated to lift 2MB of Merey; ENI another 2MB, according to PDVSA shipping line up. That is, neither company seems to be affected / bothered by OFAC sanctions.

Reliance is increasing its activities, which could mean permission has been obtained from OFAC.

Reliance isn't the only new player though: a shell called SHAMRIUM (loved that it includes sham in its name) has made its first appearance. It's being serviced by local SEMAFERCA, Alex Saab's favourite maritime agents.

UPDATED 10:33 GMT - A senior source familiar with U.S. Treasury sanctions vis-a-vis Venezuela got in touch to deny Reliance's obtention of an OFAC license.

Tags

Add to Breaking news
Off