July 25, 2024

Phantom buyers in Russia, advice from Iran help Venezuela skirt sanctions

Retrieved

Of 21 new PDVSA customers identified in the state oil company’s internal documents, none has any history in oil trading. Most appear to be based in Russia, but for many, no complete address was recorded. Those with addresses were not to be found at them. All together, they received over 25 million barrels of Venezuelan crude and fuel between April and October, according to PDVSA records. That’s almost a quarter of Venezuela’s total oil exports and, at market prices for that period, would be worth about $544 million. By Marianna Parraga, Rinat Sagdiev, Parisa Hafezi. Full Text -> Reuters

Translation/ Traducción