Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Latin America
Related: About this forumVenezuela shifts oil ventures' accounts to Russia's Gazprombank - document, sources
Source: Reuters
WORLD NEWS FEBRUARY 9, 2019 / 5:31 PM / UPDATED 43 MINUTES AGO
Exclusive: Venezuela shifts oil ventures' accounts to Russia's Gazprombank - document, sources
CARACAS (Reuters) - Venezuelas state-run oil company PDVSA is telling customers of its oil joint ventures to deposit sales proceeds at an account it recently opened at Russias Gazprombank AO, according to sources and an internal document seen by Reuters on Saturday.
PDVSAs move follows tough new U.S. financial sanctions imposed on Jan. 28 and aimed at blocking leftist President Nicolas Maduros access to the countrys oil revenue. Since then, PDVSA has been pressing its foreign partners at joint ventures in its Orinoco Belt producing area to formally decide whether they will continue in the projects, according to two sources with knowledge of the talks. The joint ventures foreign partners include Norways Equinor ASA, U.S.-based Chevron Corp and Frances Total SA.
PDVSA also ordered its Petrocedeno joint venture with Equinor and Total to halt extra-heavy oil output and upgrading due to a lack of naphtha needed to dilute production, as sanctions prohibited U.S. suppliers of the fuel from exporting it to Venezuela.
Reporting by Marianna Parraga in Mexico City and Corina Pons in Caracas; editing by Jonathan Oatis
Exclusive: Venezuela shifts oil ventures' accounts to Russia's Gazprombank - document, sources
CARACAS (Reuters) - Venezuelas state-run oil company PDVSA is telling customers of its oil joint ventures to deposit sales proceeds at an account it recently opened at Russias Gazprombank AO, according to sources and an internal document seen by Reuters on Saturday.
PDVSAs move follows tough new U.S. financial sanctions imposed on Jan. 28 and aimed at blocking leftist President Nicolas Maduros access to the countrys oil revenue. Since then, PDVSA has been pressing its foreign partners at joint ventures in its Orinoco Belt producing area to formally decide whether they will continue in the projects, according to two sources with knowledge of the talks. The joint ventures foreign partners include Norways Equinor ASA, U.S.-based Chevron Corp and Frances Total SA.
PDVSA also ordered its Petrocedeno joint venture with Equinor and Total to halt extra-heavy oil output and upgrading due to a lack of naphtha needed to dilute production, as sanctions prohibited U.S. suppliers of the fuel from exporting it to Venezuela.
Reporting by Marianna Parraga in Mexico City and Corina Pons in Caracas; editing by Jonathan Oatis
https://www.reuters.com/article/us-venezuela-politics-pdvsa-banks-exclus/exclusive-venezuela-shifts-oil-ventures-accounts-to-russias-gazprombank-document-sources-idUSKCN1PY0N3
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
5 replies, 745 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (1)
ReplyReply to this post
5 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Venezuela shifts oil ventures' accounts to Russia's Gazprombank - document, sources (Original Post)
Eugene
Feb 2019
OP
juxtaposed
(2,778 posts)1. OP question have you ever been to Fort Benning George?
Turbineguy
(37,343 posts)2. Oh yes.
So now there's a Russian kleptocrat tax as well.
GatoGordo
(2,412 posts)3. Laughable!
I wouldn't trust the Chavista hierarchy to guard dead rats... and now they are offering advice on how to skirt the sanctions? The desperation is epic!
So yes indeed. Trust Putin's supporters to hide your finances. Brought to you by the same people who brought you the Petro, the most fraudulent Russian/Venezuelan crypto ever devised!
GatoGordo
(2,412 posts)4. OOOPS! Chavismo caught in another whopper
Gazprombank denies that PDVSA has opened new accounts in its entity
Sunday, 02/10/2019 08:17 AM
translated from Spanish
https://www.aporrea.org/energia/n338234.html (Via RT.com)
Sunday, 02/10/2019 08:17 AM
translated from Spanish
February 10, 2019.- Russian bank Gazprombank said Sunday that Venezuelan state oil company PDVSA has not opened any new accounts recently, beyond those it has had with the bank for several years, denying previously published information. Reuters
"The Reuters information is not true, as one of the largest oil companies in the world, PDVSA has accounts open with many large banks, including international," Gazprombank representatives told Russian media.
From the entity specify that "within the framework of cooperation with several Russian companies that are customers of the bank, a few years ago also opened accounts of PDVSA in the Gazprombank group."
"However, we emphasize that new accounts have not been opened and that the bank does not plan its opening," they say.
Reuters reported on Saturday that the Venezuelan state oil company is transferring the bank accounts of its mixed oil companies to Gazprombank and that it is advising the clients of these companies to deposit the sales income in an account recently opened in that Russian bank.
According to the agency, the measure would respond to the new round of US sanctions imposed on January 28, which seek to block Nicolás Maduro's government from accessing Venezuela's oil revenues.
"The Reuters information is not true, as one of the largest oil companies in the world, PDVSA has accounts open with many large banks, including international," Gazprombank representatives told Russian media.
From the entity specify that "within the framework of cooperation with several Russian companies that are customers of the bank, a few years ago also opened accounts of PDVSA in the Gazprombank group."
"However, we emphasize that new accounts have not been opened and that the bank does not plan its opening," they say.
Reuters reported on Saturday that the Venezuelan state oil company is transferring the bank accounts of its mixed oil companies to Gazprombank and that it is advising the clients of these companies to deposit the sales income in an account recently opened in that Russian bank.
According to the agency, the measure would respond to the new round of US sanctions imposed on January 28, which seek to block Nicolás Maduro's government from accessing Venezuela's oil revenues.
https://www.aporrea.org/energia/n338234.html (Via RT.com)
GatoGordo
(2,412 posts)5. Now, through Bulgaria!
Link to tweet
Translation: #DENUNCIA Usurpadores in PDVSA want to use a brokerage house in Bulgaria to continue plundering the vzla money, they ask the debtors to send them money for this way so they can get it out in cash We already communicate with Bulgaria! They will not steal a dollar more (1/2)