Venezuela shifts oil ventures' accounts to Russia's Gazprombank - document, sources

[Eugene]

Source: Reuters

WORLD NEWS FEBRUARY 9, 2019 / 5:31 PM / UPDATED 43 MINUTES AGO

Exclusive: Venezuela shifts oil ventures' accounts to Russia's Gazprombank - document, sources

CARACAS (Reuters) - Venezuela’s state-run oil company PDVSA is telling customers of its oil joint ventures to deposit sales proceeds at an account it recently opened at Russia’s Gazprombank AO, according to sources and an internal document seen by Reuters on Saturday.

PDVSA’s move follows tough new U.S. financial sanctions imposed on Jan. 28 and aimed at blocking leftist President Nicolas Maduro’s access to the country’s oil revenue. Since then, PDVSA has been pressing its foreign partners at joint ventures in its Orinoco Belt producing area to formally decide whether they will continue in the projects, according to two sources with knowledge of the talks. The joint ventures foreign partners include Norway’s Equinor ASA, U.S.-based Chevron Corp and France’s Total SA.

PDVSA also ordered its Petrocedeno joint venture with Equinor and Total to halt extra-heavy oil output and upgrading due to a lack of naphtha needed to dilute production, as sanctions prohibited U.S. suppliers of the fuel from exporting it to Venezuela.

Reporting by Marianna Parraga in Mexico City and Corina Pons in Caracas; editing by Jonathan Oatis

https://www.reuters.com/article/us-venezuela-politics-pdvsa-banks-exclus/exclusive-venezuela-shifts-oil-ventures-accounts-to-russias-gazprombank-document-sources-idUSKCN1PY0N3

[juxtaposed]

1. OP question have you ever been to Fort Benning George?

[Turbineguy]

2. Oh yes.

So now there's a Russian kleptocrat tax as well.

[GatoGordo]

3. Laughable!

I wouldn't trust the Chavista hierarchy to guard dead rats... and now they are offering advice on how to skirt the sanctions? The desperation is epic!

So yes indeed. Trust Putin's supporters to hide your finances. Brought to you by the same people who brought you the Petro, the most fraudulent Russian/Venezuelan crypto ever devised!

[GatoGordo]

4. OOOPS! Chavismo caught in another whopper

Gazprombank denies that PDVSA has opened new accounts in its entity
Sunday, 02/10/2019 08:17 AM

translated from Spanish

February 10, 2019.- Russian bank Gazprombank said Sunday that Venezuelan state oil company PDVSA has not opened any new accounts recently, beyond those it has had with the bank for several years, denying previously published information. Reuters

"The Reuters information is not true, as one of the largest oil companies in the world, PDVSA has accounts open with many large banks, including international," Gazprombank representatives told Russian media.

From the entity specify that "within the framework of cooperation with several Russian companies that are customers of the bank, a few years ago also opened accounts of PDVSA in the Gazprombank group."

"However, we emphasize that new accounts have not been opened and that the bank does not plan its opening," they say.

Reuters reported on Saturday that the Venezuelan state oil company is transferring the bank accounts of its mixed oil companies to Gazprombank and that it is advising the clients of these companies to deposit the sales income in an account recently opened in that Russian bank.

According to the agency, the measure would respond to the new round of US sanctions imposed on January 28, which seek to block Nicolás Maduro's government from accessing Venezuela's oil revenues.

https://www.aporrea.org/energia/n338234.html (Via RT.com)

[GatoGordo]

5. Now, through Bulgaria!

Link to tweet

Translation: #DENUNCIA Usurpadores in PDVSA want to use a brokerage house in Bulgaria to continue plundering the vzla money, they ask the debtors to send them money for this way so they can get it out in cash We already communicate with Bulgaria! They will not steal a dollar more (1/2)