(Bloomberg, 22.Jan.2021) â It may be the oil marketâs worst-kept secret: Millions of barrels of Venezuelan heavy crude, embargoed by the U.S., have been surreptitiously […]
Tag: Libre Abordo
Venezuela Defies Sanction Tripwires, Imports Oil
(Bloomberg, 13.Sep.2020) â An oil tanker is discharging Iranian condensate for Venezuela as both countries continue to avoid U.S. sanction tripwires. The ship, identified as […]
End Of Venezuelaâs Oil Fortune Looms Over Maduro
(Bloomberg, 20.Jun.2020) â Oil revenue, the financial lifeline of Venezuela, is quickly drying up, adding to the growing instability of Nicolas Maduroâs embattled regime. Crude […]
US Sanctions Mexican Cos. Helping Venezuelan Oil
(Bloomberg, 18.Jun.2020) â The U.S. Treasury Department levied sanctions on Mexican trading company Libre Abordo SA de CV for buying Venezuelan oil via oil-for-humanitarian-aid agreements […]
Treasury Targets Sanctions Evasion Network Supporting Corrupt Venezuelan Actors
(US Department of Treasury, 18.Jun.2020) â Today, the U.S. Department of the Treasuryâs Office of Foreign Assets Control (OFAC) designated three individuals and eight foreign […]
US Sanctions Four Firms For Transporting Venezuelan Oil
(Aljazeera, 2.Jun.2020) â The United States Treasury Department on Tuesday said it had sanctioned four shipping firms for transporting Venezuelan oil, the latest escalation in […]
Mexico Probes Libre Abordo Pact With Venezuela
(Reuters, 2.Jun.2020) â The Mexican governmentâs financial crime department is investigating Libre Abordo, a Mexico-based firm that received millions of barrels of Venezuelan crude under […]
Libre Abordo Announces Bankruptcy
(Reuters, 31.May.2020) â Mexico-based company Libre Abordo said on Sunday it was bankrupt and that Venezuelan President Nicolas Maduro had terminated an oil-for-food agreement that […]
FBI Probes Firms Over Venezuela Oil Trading
(Reuters, 13.May.2020) â The FBI is probing several Mexican and European companies allegedly involved in trading Venezuelan oil as it gathers information for a U.S. […]
US Seeks To Investigate Mexico Oil-For-Food Pact
(Reuters, 29.Apr.2020) â The U.S. State Department, the Treasury Department and the U.S. Embassy in Mexico are investigating at least two Mexican firms involved in […]