Rosneft would also make a profit by receiving an intermediation fee, the source and an internal PDVSA document said. ZR Energy DMCC wrote on its website, ZR Energy DMCC and Mr. Zaouk are incidental victims of this sinister power struggle.. 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. BB Energy Trading Ltd. BB House 12-14 Ansdell Street London W8 5BN United Kingdom T: +44 20 7938 0500 F: +44 20 7938 0501 www.bbenergy.com Page 1 of 2 ANTI-SLAVERY STATEMENT . Santiago De Cuba. Instructions for the change were sent by Iulia Ispas, legal adviser to BB Energy Trading Ltd. Emails exchanged by Mossack Fonseca lawyers also point to company operations in Syria and Iraq. Baha Bassatne remained the sole Sonatrach broker until Abdelmoumen Ould Kaddour was appointed general manager of the company and imposed another intermediary. BB Energy (the Group) is pleased to announce the launch of its Improved Cookstove (ICS) Project in Rwanda. Last month, he also joined calls from Tory MPs to allow shale fracking to resume in the UK. Many of the Mossack Fonseca emails and documents show the relationship between BB Naft and the BB Energy group through the years. By signing up, you agree to our Terms and conditions and privacy policy. One lawyer for BB Naft, Noureddine Kabalan, asked Mossack Fonseca in April of 2008 to create a power of attorney so that the empowered person can be authorized to sign on behalf of the company in Syria and Iraq for specific transactions.. Its official address is the same as that of BB Energy Trading: 140 Brompton Rd., London, SW3 1HY, United Kingdom. Copyright 2023 BB Energy. A letter sent in 1998 by a Mossack Fonseca employee to the international trade office at state-run Petroecuador referred to documents sent by BB Naft required to register the company. A 2005 fax also points to an initial contact with the Venezuelan governments Petroleos de Venezuela (PDVSA). Word in the news: black rain Children love it, businesses hate it Pody Lui from BBC Hong Kong explains the rain warning system, and why black rain warnings are taken so seriously. The money is in our account and as yet we have not paid anyone, said the spokesman. John Hayes works for BB Energy as a strategic adviser, Politicians accused of being worryingly cosy with oil and gas firms as its revealed almost one in ten Tory peers has financial stake in the sector. All individuals involved in this initiative - including co-founders, advisory board members, and experts - are serving in their personal capacity. One Bloomberg report showed BB Energy had $10 billion in revenues in 2012. 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. BB Energy is part of the Electricity, Oil & Gas industry, and located in United Kingdom. Image: Cables of the electric generators in the Lebanese capital BeirutCredit: ANWAR AMRO/AFP via Getty Images, except East and Southern Africa & West and Central Africa. Owen Patersonthe MP who lobbied for private companies in the pandemic (Picture: Flickr/ NFU Pics). The legal proceeding is not expected to be decided before next year. The Russian oil scheme appears to have been affected by the agreement between Cuba and Venezuela to exchange oil for medical services, and BB Naft expanded its work in Cuba in 2007 to include the sale of spare parts and batteries for autos and trucks, work boots, farm machinery, hardware for USD 5.3 million.. BBC Arabic's Moe Chreif tells us about the biggest corruption investigation in the history of Lebanons energy sector, which resulted in allegations involving multi-million dollar agreements, bribery, and shipments of substandard oil. Mango madness in IndiaSouth Asia diaspora reporter Gaggan Sabherwal shares the story of the Indian couple whove employed security guards after discovering they had planted an extremely rare mango tree by mistake at $50 a mango they aren't taking any chances! Wars, natural disasters and economic downturns have historically exposed children to the danger of trafficking and illegal adoption. According to the Dubai commercial register, ZR Energy DMCC is fully owned by Zaouk. The document also said that the payment by Reliance to Rosneft would also allow PDVSA to meet unspecified contractual obligations to Rosneft. The instructions to the BB Naft shareholders were dated and signed in Beirut, but the agreement for the guarantee was signed by lawyers and verified by the office of the BNP Paribas bank in Marrousi, Greece. Instead, investigations have revealed that at least two companies owned by Lebanese businessmen, BB Energy and ZR Energy, were bringing in the fuel. Starmer last week called on Johnson to answer, apologise and act over sleaze allegations. For some 15 years, the public were informed that Lebanon was purchasing fuel from the Algerian state company Sonatrach. This story was originally published June 7, 2016, 10:06 AM. However, the dates for the first court hearings, which will be open to the public, have yet to be announced. It targets Tarek Fawal, who is in charge of clearing Sonatrach BVIs transactions related to receiving and unloading fuel shipments in Lebanon, and is accused of bribery, forgery and using counterfeit documents, as well as Zaouk. 11:07 AM | 31 Jan, 2023 . PDVSAs contemplated payment agreement with Rosneft is part of a series of methods used by Maduros government to gain access to cash, including selling Central Bank gold reserves. Reporting by Marianna Parraga in Mexico City; Additional reporting by Luc Cohen in Caracas, Nidhi Verma in New Delhi, Julia Payne in London; Editing by Daniel Flynn, Simon Webb,David Gaffen and Marguerita Choy. The Public Prosecution Office began investigating them to the backdrop of the ongoing debate, in Lebanon, over spoiled fuel bought by the electricity company from the Algerian oil company, Sonatrach, which ranked thirteenth in the ranking of oil companies in the world. A scandal over the import of sub-standard quality fuel into Lebanon has seen some two-dozen people arrested, two fuel tankers seized and the offices of two major fuel traders raided and sealed off amid ongoing investigations. I feel they are trying to bury this issue in the courts by stopping at mid-level employees, Yacoubian said. In 2003, for example, BB Naft agreed to guarantee and meet the obligations of a loan obtained by BB Energy (Asia) Pte Ltd. from the Standard Chartered Bank of Singapore. BB Energy Location 12-14 Ansdell St, London, Essex, W8 5BN, United Kingdom Description Read More Industry The report claims peerages appeared to be a reward to thank wealthy donors for funding the Tory party. Our experienced traders are situated in our offices throughout the globe; industry specialists who count gas, crude oil, light and middle distillates, as well as bitumen, as their specialities. Miramar Playa. In the last seven years every Tory party treasurer has given at least 3 million and been offered a seat in the House of Lords. Listed as a director of one of the companies is a brother of Gen. Luis Alberto Rodrguez Lpez-Calleja husband of Cuban ruler Raul Castros daughter and powerful head of the Cuban armed forces business conglomerate, GAESA. Hayes declined to comment. So the seller had to be told that payment would be in euros from a bank in Spain, for example, and Cuba lost on the currency exchange.. Published by Larkham Printers & Publishers Ltd, Correspondence address: PO Box 74955, London E16 9EJ | company registered in England & Wales, number: 1335756, registered address: 71-75 Shelton Street London WC2H 9JQ. The Web page of the Cuba-Lebanon Businessmens Council lists a Riad Bassatne as a member of its board of directors and describes him as president of BB Naft Trading and member of the board of directors of BB Energy., Wael Bassatne nevertheless insisted that there are no commercial or financial relations between BB Naft Trading S.A. and the BB Energy Group. He added that BB Nafts activities in Cuba included the sale of spare parts and agricultural machinery.. Speaking on condition of anonymity, a lawyer with knowledge of the proceedings said that there is no [indictment] at this point. It is up to the criminal court to decide on the merits [of the case], and to determine whether ZR Group Holding SAL and Rahmeh are involved in the case. For over five decades we have been applying our depth of specialist experience to oil refining, logistics, storage and financing across the world. Starmer even chose last week to announce that Labour was no longer in favour of abolishing the House of Lords. One of the directors of both Curtdale and Ardpoint starting in 2011 was Hernn Aguilar Parra, executive director of Grupo Empresarial de Tabaco de Cuba, known as TABACUBA, the governments tobacco monopoly. The analysis and opinions they express through LOGI are their own and do not reflect the view of their respective employers. BBE has consolidated experience in trading, operations, chartering, logistics, storage, refining, and financing, trading in excess of 40 million metric tonnes (MT) of crude oil, petroleum product, and gas in 2021. The BVI company was dissolved in 2015. It is assumed that companies will have more trust in documents certified in Switzerland than in Cuba.. Link to this Report. Founded in Lebanon, BB Energy is one of the worlds leading independent energy trading companies, trading more than 33 million metric tonnes of oil every year. She has formally requested a parliamentary investigation committee be formed to probe the matter. Twice he was found in breach of the rules on declarations of benefits. He declined to provide further details. All the other commercial activities were not affected by any sanctions because these regulations do not exist as such, he wrote in an email, adding that Mexico, Canada and the European Union have laws prohibiting their citizens and companies from obeying U.S. sanctions on Cuba. The leaked documents also show that Guillermo Faustino Rodrguez Lpez-Calleja, brother of Gen. 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