“ZOMBIE” TANKERS TRIPLE VENEZUELA’S OIL EXPORTS TO CHINA DESPITE US SANCTIONS

World Oil on 1 December reported that Venezuela almost tripled its crude oil exports even as the US continues to tighten sanctions against companies seeking to do business with its ruling regime.  Once traditional buyers including Repsol SA and Reliance Industries Ltd stopped buying Venezuelan oil amid sanctions, a string of little-known companies stepped up purchases.  While PDVSA documents show vessels like VinlandPacific Cape and Vision loading at the port of Jose, these vessels are not operational, and are reported to have been sent to the scrapyard months prior to the scheduled loading dates in Venezuela. That suggests that their names or unique identification numbers are being used by others.

https://www.worldoil.com/news/2020/12/1/zombie-tankers-triple-venezuela-s-oil-exports-to-china-despite-us-sanctions

I had omitted the following link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page 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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