PDVSA

Regional News • Middle East
Special Report: UAE shipping firm is helping Venezuela avoid U.S. oil sanctions

Tankers managed by firms based in the United Arab Emirates have transported millions of barrels of oil produced by state-run Petroleos de Venezuela SA, or PDVSA, since June, according to the internal documents and a publicly available shipping database. A shipping document shows that on July 31, the newly rebranded ships under a newly rebranded firm set sail carrying some 650,000 barrels of Venezuelan Boscan crude after a ship-to-ship transfer from the Alasfal, a Crude Oil Tanker flagged in Liberia, off Venezuela's coast.

The three supertankers - the Kelly, Marbella and Rene - each transported nearly 2 million barrels of Venezuelan crude and fuel in the first half of 2020 after coming under Issa's management, a batch of internal PDVSA shipping documents show.