Our Standards: The Thomson Reuters Trust Principles. Regardless of whether payments flowed directly to PDVSA or remained in Russia to pay down debt, the proposed approach appears to present no violation of sanctions by any of the entities because no U.S. citizens, currency, companies or financial institutions seem to be involved, according to four sanctions experts consulted by Reuters. Digital Subscription $1,909 Premium Subscription $3,179 Best Value (An attorney for Hleiss, who has been accused of fleeing, has publicly denounced certain aspects of the legal procedures.). MP and former Tory energy minister John Hayes has been paid 150,000 by oil firm BB Energy over three years. Thats why the Tories manage to survive scandal after scandal. These trading experts are supported by a highly skilled team of operations, shipping and financepersonnel concentrated in Athens. It is noteworthy that Mr. Fawal is not authorized to sign the companys contracts, and he assured the Lebanese judiciary that he is merely a representative of Sonatrach in the negotiation processes, and not in concluding contracts. However, Reuters was unable to independently verify if the agreement was implemented and remains in force. Zaouk is connected to Rahmeh, however, through another company, ZR Energy SAL Offshore, of which Rahmeh is a majority stakeholder and which, along with Zaouk, has a share in ownership of the Lebanese firm Domaz Holding. The Lebanease newspaper, Al-Akhbar, published a tweet by the Former Energy Minister, Nada Boustani, in which she spoke of ministerial reports confirming the poor quality of fuel and demanding to go on with punitive measures against the suppliers. Their statement mentioned that it was all about a dispute with their client in Lebanon, the Ministry of Energy and Water, around a defect in a shipment that was directed to a company under its supervision, which is EDL, a Lebanese power company. The statement added that the London branch is trying to sort out the problem with the client through continuous discussion, and that it will soon be solved, as the relationship between Sonatrach and the Lebanese Ministry of Energy and Water is excellent. BB Energy's global network of middle distillates comprises of a wide range of products, most prominently jet, kerosene, diesel and heating oil. Those sanctioned include the oil trading firms Swissoil Trading and Malta-based Elemento Ltd., as well as Swissoil owner Philipp Paul Vartan Apikian, Spanish-Venezuelan citizen Francisco Javier D'Agostino Casado, and core facilitator and Italian citizen Alessandro Bazzoni. Last month he and other Tory MPs called for fracking to resume. The PDVSA source said that Rosneft credited PDVSA the amount, minus an undisclosed fee, and then started talks with BB Energy to recover the sum it advanced PDVSA. The report claims peerages appeared to be a reward to thank wealthy donors for funding the Tory party. They usually resort to those intermediaries when entering new markets that are unfamiliar to them, in order to benefit from their status inside this market, which they have done in several Asian countries before building direct relationships with the clients. Public debt could rise to 289% of GDP by the end of the century if climate change is left unchecked, it said. The Tories can get away with corruption and sleaze when theres no real opposition. By. All of which can give our clients a competitive edge. The document showed that PDVSA and Reliance would pay Rosneft a marketing fee equivalent to around 3 percent of the sale price, split between them. Ukraine's track record of massive corruption in energy is a sadly familiar story. The development has had mixed reactions. The documents reveal previously unknown details about the Cuban governments economic maneuvers abroad and the foreign companies that do business with Havana as some of the firms tried to hide Cubas hand in business deals to skirt the U.S. embargo. The government was forced to go back on itself and announced there would be a vote on Patersons suspension. Private landlords and housing associations may apply for a grant on behalf of tenants who meet the eligibility criteria. Starting in the early 1990s, Cubas Ministry of Foreign Trade, through the Compaa Panamericana S.A, used Mossack Fonseca to create a string of disguised companies in Panama, the Bahamas and the British Virgin Islands that bought and sold medicines, cigars and food. Like the extractives sector, the renewables industry requires substantial capital investments, which can come with substantial risks of . By subscribing, you contribute to our financial and editorial independence. But Cuba kept its links with some of the firms until very recently. In view of the foregoing debate, were forced to return to the commercial relationship between Sonatrach and the Lebanese Ministry of Energy, and the pressure exercised by former Sonatrach CEO, Abdelmoumen Ould Kaddour, to adopt ZR Energy trading company as a second intermediary besides Baha Bassatne, as a supplier in the Algerian companys name; the thing that occurred a year and a half before opening the file. Formed in the 1960s, the group's activities span six continents. +44 2079380500 Company BB Energy Joey Nanaasare Current Workplace Joey Nanaasare has been working as a Business Development at BB Energy for 4 years. BB Energy Location 12-14 Ansdell St, London, Essex, W8 5BN, United Kingdom Description Read More Industry Hayes declared his role at the oil. The need for transparency in that case is even more pressing given the fact that the director of the Oil Installations, Sarkis Hleiss, is at the center of investigations into the fuel import scandal. Hayes recently opposed a plan to bring forward a ban on selling new petrol and diesel cars. The deal between the Lebanese and Algerian governments was to provide the Lebanese market mainly with heavy fuel oil to meet the needs of power plants, a fuel that Algeria does not produce in sufficient quantities, as the Algerian oil Saharan Blend is known for being a light crude type. In 2015, BB Energy won Ecuadoran contracts for more than three million barrels of naphtha, a petroleum distillate. When MPs have lucrative side-jobs for private firms it raises questions over whose interests they are serving. Yahya Mawloud, the operations manager of Middle East Power, the company operating the reciprocating engines installed in Zouk and Jiyyeh where the tainted fuel was destined for, had sounded the alarm about the poor quality of fuel in March 2020. Paterson had, on 16 occasions, used his House of Commons office for meetings relating to his private business interests. This evolutionary approach not only applies to our services, but also our people. Four high-level suspects, including Hleiss, and Teddy Rahme and Ibrahim al-Zouk of ZR Energy, did not respond to court summons and arrest warrants were issued for them. Could Oil and Gas Inspire Change in Lebanon. Proceed to our online shop below to find out more about the features in each package. Companies with Cuban capital or activities on the island. Somebody did and bedlam ensued. A zero tolerance approach to any deviance from such requirement is adopted throughout the group. He was one of the witnesses in the pretrial investigation. Reliance said in its statement its purchases of Venezuelan oil from Rosneft do not lead to any payments to PDVSA. BB Energy is part of the Electricity, Oil & Gas industry, and located in United Kingdom. The similar logo and name are explained through an agreement between the two firms that gave ZR Energy DMCC the right to use the brand and credit facility of ZR Group Holding SAL. Parliament is an unrepresentative, unaccountable front that covers for the real relations of power. This is ostensibly because it was hard for the judiciary to find evidence linking ZR Energy DDMC and ZR Group Holding SAL, despite the testimonies collected by Mansour. The Lincolnshire MP recently criticised the governments plan to bring forward a ban on selling new petrol and diesel cars, saying that a delay would allow fossil fuels to become even cleaner. Overview of anti-corruption in the renewable energy sector The renewable energy sector is a rapidly growing market that is crucial to increasing access to energy and supporting climate change mitigation. It is up to the criminal court to render a decision on the merits of the case. Multimillionaire donors seem almost guaranteed a peerage, according to a report by the Open Democracy thinktank and the Times newspaper. Other leaked Mossack Fonseca documents show the interwoven complex of offshore companies created by the Cuban government to import and export goods and invest funds abroad with the assistance of the Panamanian law firm. The aftermath of the devastating earthquake in Turkey and Syria is no exception. You can unsubscribe at any time*. Stakeholders in renewable energy value chains include not only manufacturers, suppliers and users but also government agencies, financial institutions and private technology companies, as well as informal local networks. A letter sent to the Panamanian law firm in 1997 requested assistance organizing a fishing operation in the Turks and Caicos Islands with Cuban-flagged fishing boats.. And the case of Sabradell S.A., headed by Panamericana director Jos L. Fernndez de Cosso Domnguez for a time and dissolved in 2008. BB Energy, a leading global independent energy trading company, is pleased to announce that it has successfully refinanced and expanded a$580 millionsenior secured borrowing base credit facility (the Facility). It is worth noting here that Daraj previously investigated suspicious money transactions through Lebanese banks, for Nassim Ould Kaddour, the son of Abdelmoumen Ould Kaddour, based on Panama Papers (First National Bank and Socit gnrale de banque au Liban). Beefing up global enforcement around corruption They escaped after senior adviser Dominic Cummings showed there was one law for the rich and another for the rest. The current legal proceeding is limited to the Baltic, the ship carrying the poor-quality fuel, which was delivered in March 2020 by ZR Energy DMCC. They have not been called to account for the 37 billion spent on a failing test and trace system. In recent years, the company has become increasingly active in LPG and LNG. The company did not respond to a request for comment. The arrangement would also allow the cash-strapped Venezuelan state company to receive faster payment, sometimes avoiding the usual 30-to-90 day timeframe for completing oil transactions. That the committee review and comment on proposed and ongoing work to reduce fuel poverty. The Lebanese National News Agency announced that the attorney-general of Mount Lebanon, Ghada Aoun, issued arrest warrants against 17 people working in the fuel sector because of import irregularities. In one transaction, an executive from Rosnefts Geneva trading unit said PDVSA had given its approval for Rosneft to collect payment from trading firm BB Energy for the purchase of 525,000 barrels of fuel oil loaded on Jan. 3, according to an offer letter. Global Policy Forum, a non-government agency that monitors the work of the United Nations, also included BB Energy in a list of beneficiaries of the so-called oil bribes distributed by Saddam Hussein to recruit international support for weakening U.N. and other economic sanctions against Iraq. This raised many questions about the timing, and the reasons for neglecting it all these past years. Le Commerce du Levant / By Nada MAUCOURANT ATTALAH, Fouad Gemayel, 28 May 2021 19:51, Twenty-two defendants are set to appear before a criminal court on charges related to a tainted fuel case that dates back to March 2020. Teddy Rahmeh and his company, ZR Group SAL Holding, are not involved in importing fuel oil to Lebanon, the representative of ZR Group Holding SAL said, denouncing the charges as a political conspiracy. It held all the shares of Euro Foods Ltd., which was registered in the Bahamas and in turn represented ALIMPORT. Rosneft, which has heavily invested in Venezuela under President Vladimir Putin, did not respond to a request for a comment before Reuters published its story on Thursday. Our role was to advise the council on how to reduce carbon emissions and make space for nature across the borough. Last month he and. 1) BB Energy Holdings N.V., Curaao Our holding company involved in global Oil & Gas trading activities and owns the below subsidiaries: BB Energy Trading Ltd., London Europe and the Mediterranean region BB Energy (Gulf) DMCC, Dubai Middle East, Arabian Gulf, Red Sea, East and South Africa, Pakistan, Western side of India and the CIS The Liberal Democrats have ennobled five donors and the Labour Party, two. 3. 2. A former Tory Party chairman told The Sunday Times, Once you pay your 3 million, you get your peerage.. Testimonies collected by Mount Lebanon Investigative Judge Nicolas Mansour as part of the preliminary investigation pointed to suspected shady deals to forge lab tests for the fuels quality specifications, and to the involvement of employees at the labs as well as senior officials at the Energy Ministry, including the director-general of oil installations, Sarkis Hleiss. Little is known inside the island about the Cuban governments companies abroad, but Havana economist Omar Everleny wrote in the early 2000s that there were more than 100 entities with the participation of Cuban capital, founded as mixed [state-private] companies or as branches of companies based on the island operating abroad in areas such as construction, agriculture, food, medicine, mining, finance and science., Everleny, recently fired from the University of Havanas Center for the Study of the Cuban Economy, noted the paradox that a country that lacks the capital for its own development has invested in other countries. The motive, he speculated, is the U.S. embargo that forced the establishment of a network of companies around the world to warehouse and market products from the sea, among them lobsters and shrimp., Today the export of products from the fishing industry is carried out through those companies, he said, adding that Cuban officials also created an international network of companies to warehouse and sell the famous Cuban cigars.. Ltd., after several rounds of negotiations with a number of companies, the official added. Yes! Still, the Office of Foreign Assets Control (OFAC), which enforces sanctions, has given no indications it would take that route. Landlords are eligible for up 5,000 to cover two thirds of energy efficiency work. On top of Patersons 81,932 salary, he took home 8,333 a month to lobby on behalf ofhealthcare company Randox Laboratories. For over five decades we have been applying our depth of specialist experience to oil refining, logistics, storage and financing across the world. The judiciarys opening of this file occured to the beat of a political debate that the judiciary does not seem to be far from, especially as opening such a file occurred according to a report presented by the leader in the the Aounist party, lawyer Wadih Akl, and investigations were conducted by Judge Ghada Aoun. The findings of another inquiry by the Electoral Commission was handed to the Tories just before the government attempted to smash up the existing standards regime. Sabradell was the sole owner of Resimevis Ltd, a Mossack Fonseca client since 1995 dedicated to general commerce of medical products and equipment., Whats more, a 2015 email indicated that the sole purpose of Curtdale Investments Ltd., registered in the British Virgin Islands, was to hold the shares of Ardpoint Company Inc., which in turn owned Altabana S.L. 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