Message to INFODIO readers: investigative journalism, which is what this site does, takes lots of time. 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 former editor's full name, and a 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 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.

pdvsa

Where's China, Russia, Iran when chavismo needs them?

Followers of the chavista disaster will remember when they told us that Iran was there, "to fix refineries", that Russia was there, "to increase output", that China was there, in an equal partnership of two nations that had decided that the best way forward was "to carve their own independent paths away from U.S. Imperialism". After each vacuous announcement, PDVSA's production was going to be propelled to 5 million, to 6 million, to X million, which coincide quite closely with the numbers that PDVSA would be producing today with its old partners had chavismo not happened.

Where has Venezuela's money gone?

The following is a report I was asked to write by the Organization of American States some time ago. It was meant to be part of a compendium of similar reports -from various authors- on the causes of Venezuela's humanitarian crisis: i.e. corruption. I publish it here, for future reference. Supporting notes and links can be seen in the pdf below.


Where Has Venezuela’s Money Gone?
By Alek Boyd

BREAKING: Tracor Trading gets PDVSA crude for $0.01

Check background here. In short, vessels Kitakaze (IMO 9221918) and Mirame (IMO 9227948) lifted about 3.8 million barrels of PDVSA crude in late December / early January. Tracor Trading Company Limited is shown in PDVSA's line up as final client. It is unclear what crude Kitakaze lifted, but Mirame loaded crude produced by PDVSA - Rosneft joint venture Petromonagas.

UPATED - The loot of Venezuela continues

UPDATED 19/01/2021 - 18:53 GMT - In late December two tankers journeyed to Venezuela with their AIS transponders turned off: Kitakaze (IMO 9221918) and Mirame (IMO 9227948). PDVSA's shipping line up shows these tankers loaded a total of 3.8 million barrels of crude, on behalf of a new client: Tracor Trading Company Limited. Data from TankerTrackers.com revealed the vessels' position at loading.

PDVSA exposes Switzerland's systemic corruption problem

The recent revelation that a Swiss watchdog had frozen $900 million in cash belonging to an Angolan "businessman" caused surprise in some quarters. Evidently, those surprised must have forgotten already the FIFA scandal. They must have missed also news about Michael Lauber. For those who haven't been following, that'd be Switzerland's Attorney General, basically in bed with the FIFA thugs he was meant to be investigating. We then have Swiss banks, historically the pride and joy and a considerable chunk of Switzerland's economy.

Leonardo Santilli, PDVSA contractor, killed in Venezuela

Local sources in Venezuela reported yesterday the assassination of Leonardo Santilli, a PDVSA contractor. Santilli was already in the crosshairs of U.S. Department of Justice (DoJ) for bribing PDVSA officials to obtain procurement contracts, which is PDVSA's standard operating procedure. The novelty here is that Santilli appears to have been hit by contract killers, allegedly due to his disposition to collaborate with DoJ.

PDVSA exported over 16 million barrels of crude in August

PDVSA has found a way to beat sanctions from U.S. Department of the Treasury. According to shipping line up data seen by this site, it exported a total of 16.5 million barrels of crude in August. Spain's Repsol, Italy's ENI and India's Reliance regularly lifted crude. In addition, new completely unknown and dodgy operators associated to Alex Saab's network continued taking crude to Singapore, for StS transfer onto China-bound cargoes.