Latest

This is somewhat unrelated, but have been following the saga between Muddy Waters Research and Gotham City Research with Burford Capital with great interest.

Little advertised, and less reported about, we were informed that Norway's Equinor got an OFAC license on June 7, 2019, for "clean-up or remediation, ordinarily incident and necessary to facilitate the clean-up and remediation of the Petrocedeno Production Oil spill site, including affected surface areas, adjacent lands, and areas of the Morichal San Antonio Creek, as described in the Application." [bod added]

Just going to leave this in here, for future reference:

Yesterday, Treasury sanctioned Alex Saab, while a DoJ's Grand Jury in South Florida indicted him and partner-in-crime Alvaro Pulido Vargas a/k/a German Rubio (see indictment below). This site took an interest in Alex Saab back in July 2013. I recall having been in touch with Ecuadorian journalist Gabriela Quiroz in the course of my research. At the time, Saab was involved in a multimillion-dollar racket with SUCRE, a regional currency exchange mechanism set up by Hugo Chavez and his socialist allies.

Check out Rafael Ramirez upon being sacked from U.N. diplopost in New York, 7 December 2017, about PDVSA transfers to the State under his watch:

Now, read Ramirez's claim on same topic, 14 July 2019:

Raul Gorrin Belisario, it could be argued, is the one boligarch with access to circles that matter in Venezuela: presidency, supreme court, army, intelligence, and boliburgeoisie. As such, he was right in the thick of an "arranged" coup, whereby Juan Guaido and boss Leopoldo Mandela were going to topple Nicolas Maduro. Trump administration officials were au courrant, encouraging the enterprise. Venezuela's Supreme Court Chief, Maikel Moreno, arguably an employee of Gorrin, was in on it. Vladimir Padrino, Venezuela's National Armed Forces boss, also took part.

UPDATED 14/07/2019* - 16/07/2019* | In the ever evolving game of chicken between PDVSA and U.S. sanctions regime, a new player emerges: Singapore's PROCERIUM ENERGY PTE. LTD.  (201732917R).

Check out the stuff below. Further, let's give it the benefit of the doubt. So an "unidentified buyer" buys "several hundred million" worth of otherwise useless debt. We are not told who traded / transacted this either. Almost simultaneously, Guaidó's debt people announced that all debt will be treated equally, that IMF will be asked for help, and funds, and that Venezuela will renegotiate the lot without regard to whether some creditors have favourable rulings. So let's venture a few guesses.