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 generously to 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). To all readers, do the right thing, the honest thing: support independent investigative journalism, help us expose rampant corruption.


UPDATED: PDVSA (illegal) divestment of 35% stake in Nynas

UPDATED 15/05/2020 - The Department of the Treasury’s Office of Foreign Assets Control (OFAC) removed Nynas from its list of sanctioned entities yesterday. Nynas published a release, in which it claimed that PDVSA (Nynas' majority shareholder) had "...reduced the percentage of Nynas shares it owns to 15 percent of all shares currently issued.

Venezuela / PDVSA: new global standard on sanctions avoidance

A question we get often, from analysts trying to make sense of what's happening with PDVSA's trading, finances, assets, etc., is: what's going on with crude deliveries? Maritime tracking apps / software are, in Venezuela's particular case, not fit for purpose, for these rely on vessels' AIS transponders to broadcast geolocations which are picked by terrestrial or satellite receivers. This information can then be seen on maps easily. But what happens when ships switch transponders off, which has become the new norm in most of the tankers involved with PDVSA?

Rosneft $4.2bn transfer of Venezuela assets illegal

Further to Rosneft's recent "sale" of its Venezuela assets to new Roszarubezhneft venture, we've been trying to pierce the veil of fakenews about the move. Given that Petromonagas, Petroperija, Boqueron, Petromiranda, and Petrovictoria are joint ventures between Rosneft and PDVSA governed by Venezuela's Hydrocarbon's Law, we can confidently say that divestment of such assets, by announcement to the press, is completely illegal.

Nynas proves Gazprombank / Rosneft Venezuela divestments fake news

Rafael Ramirez needs no introduction. While most people know him as former CEO of PDVSA, former Energy Minister, former Venezuela Ambassador to the UN, we know him as the architect of the largest corruption scheme the world has ever seen. Under his watch, PDVSA got close to $1.3 trillion USD worth of income, of which little is left.

FAKENEWS alert: PDVSA increased output

The sheer amount of #fakenews circulating is staggering. A clueless, ignorant adolescent, being "person of the year" provides just the explanation needed to grasp the sort of intellectual rigour in editorial rooms across the world. Reuters, a news agency that has plagiarised without attribution stuff published here, came yesterday with a totally unsubstantiated piece (based on "two people with knowledge of PDVSA data"), suggesting PDVSA's crude output had jumped 20%. Any person with a subscription to maritime data services can see how crude offtake has increased recently.

UPDATE 2: U.S. Justice Department v Luis Oberto Anselmi et al

SEE UPDATES BELOW | Got a Google alert this morning, about Charles Henry de Beaumont, the mega corrupt French-Swiss banker from Compagnie Bancaire Helvetique involved in multi billion dollar money laundering schemes with Luis and Ignacio Oberto Anselmi, Francisco Convit, Alejandro Betancourt, Danilo Diazgranados, Rafael Ramirez, Victor Aular Blanco, Juan Andres Wallis Brandt, etc. Curiously, when I clicked on the link, to a Miami Herald article, it led to a missing page. It does not matter.

[UPDATED] Brazil oil spill: Venezuelan Merey crude, Rosneft cargo

Reuters reported yesterday: "Brazilian investigators said on Friday a Greek-flagged ship carrying Venezuelan crude was the source of oil tarring Brazil’s coastline over the past two months..." It goes on to claim "A federal police document seen by Reuters said the tanker, Bouboulina, owned by Greece’s Delta Tankers Ltd, appears to have spilled the crude about 700 km (420 miles) off Brazil’s coast around July 28-29,