July 25, 2024

The Billion-Dollar Broker Who Managed a Nation’s Oil Wealth

retrieved

One of his latest ventures has involved another difficult oil producer: Venezuela. For several months in 2019 and 2020, Lakhani’s company helped to ship Venezuelan crude through an obscure route — his tankers picked up the oil half way through its voyage, via a ship-to-ship transfer off the west coast of Africa. After Washington slapped sanctions on Rosneft Trading SA, one of the major shippers of Venezuelan oil, one of Lakhani’s companies, Mercantile & Maritime, said it planned to end the business linked to the country. By Jack Farchy and Javier Blas. Full Text -> Yahoo!Finance

Translation/ Traducción