Tankers managed by the three firms have transported millions of barrels of oil produced by state-run Petroleos de Venezuela SA, or PDVSA [Hartmut Knape/Reuters]
Reuters: Special Report: UAE emerges as hub for companies helping Venezuela avoid U.S. oil sanctionsEach week, we discover sophisticated methods to hide oil shipments, but this week the prize goes to ALSATAYIR (IMO 9308845), an Aframax crude oil tanker that is about to load 700K barrels of oil in Venezuela. All they did was paint over "AL" and "YIR". #OOTT🏆 pic.twitter.com/huWTMCOKRu
— TankerTrackers.com, Inc.⚓️🛢 (@TankerTrackers) December 29, 2020
NEW YORK (Reuters) - In June, the United States imposed sanctions on half a dozen oil tankers managed by established shipping firms. It was a major escalation of American attempts to choke off Venezuela’s oil trade.
Within weeks, a little-known company based in the United Arab Emirates took over management of several tankers that had been shipping Venezuelan oil. The vessels got new names. And then they resumed transporting Venezuelan crude.
The company, Muhit Maritime FZE, is one of three UAE-based entities identified by Reuters that have shipped Venezuelan crude and fuel during the second half of this year. Their role emerges from an examination of internal shipping documents from Venezuela’s state oil company as well as third-party shipping and vessel tracking data. Tankers managed by the firms have transported millions of barrels of oil produced by state-run Petroleos de Venezuela SA, or PDVSA, since June, according to the internal documents and a publicly available shipping database.
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Update #1: UAE Identified As "Hub" For Companies Helping Venezuela Evade US Oil Sanctions (Zero Hedge)
Update #2: UAE a hub for firms helping Venezuela avoid US sanctions: Report (Al Jazeera)
WNU Editor: I am sure the UAE is not the only country that is being used by Venezuela to evade US oil sanctions.
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