ENI FILES FRAUD COMPLAINT AND REJIGS TRADING ARM OVER OIL TANKER FIASCO AND IRAN SANCTIONS SUSPICIONS

Reuters on 18th July reported that Italian oil company Eni has filed a fraud complaint against, Alessandro Des Dorides, its former head of oil trading over a suspect Iraqi crude oil shipment, and hiding the role of a small Italian oil trading firm, Napag.  The case involved the tanker White Moon, which attempted to unload in Sicily in May.  It is said that sources at Eni said the ship’s 1 million barrel cargo created panic within the company over fears the crude could be, at least partially, Iranian.  In due course it and the load returned to the Gulf.  The oil loaded onto the White Moon came via 2 ship-to-ship transfers that makes the origin harder to track, according to sources – the oil had come from the New Prosperity, but that vessel itself had been loaded with oil from a third tanker, the Abyss – makes regular voyages through the Gulf with its transponder switched off for days at a time.

https://www.reuters.com/article/us-eni-oil-trading-fraud/eni-files-fraud-complaint-rejigs-trading-arm-over-oil-tanker-fiasco-idUSKCN1UD0EK

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

 

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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