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. For over five decades we have been applying our depth of specialist experience to oil refining, logistics, storage and financing across the world. Twice he was found in breach of the rules on declarations of benefits. The Cuban military is estimated to control at least 60 percent of the islands economy. The long list of companies linked to the Cuban government or active in Cuba also includes Sanford Management Financial Ltd.; Commercial Mercadu S.A. (linked to Panamericana); Amadis Compaa Naviera S.A.; Seagull and Seafoods, S.A.; Mavis Group S.A.; Octagon Industria Ltd; Travelnet; and Venus Associates Inc., among others. Hayes recently opposed a plan to bring forward a ban on selling new petrol and diesel cars. The subsidiary subcontracted the deal to two private companies BB Energy, owned by the Bassatne family, and, beginning in 2017, Dubai-based ZR Energy DMCC, owned by Ibrahim Zaouk. The MP has also drawn comparisons between climate activism and radical Islam, writing: Radical Islam, Black Lives Matter and the Extinction Rebellion are cultural not economic movements which want to disown our collective past and so transform our very way of life and so dictate the future.. (Credit: Philippe Hage Boutros/OLJ). Digital Subscription $1,909 Premium Subscription $3,179 Best Value The practice has been banned since 2019, after a scientific report found it was not possible to accurately predict the probability of earthquakes linked to drilling. BB Naft shareholder Wael Bassatne told El Nuevo Herald that his company did not violate the U.S. embargo because it is not registered and does no business in the United States. It showed that fuel was of acceptable quality, when another test showed it was not. Formed in the 1960s, the group's activities span six continents. The latter said in a televised address that he discouraged Hleiss, one of his childhood friends, from going to the court. 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. Corruption takes many forms, ranging from grand corruption - the capture of high office of government by elites and the uses of these offices for private gain - to "petty" corruption - the use of bribes or other Read about our approach to external linking. Tens of thousands of teachers take action, Some workers defied a government strike ban, Teachers report more picket lines than last time, This article is over 1 years, 3 months old, Its not just the bodies that Boris Johnson let pile highits the cash too, reports Sam Ord. Which groups shape the stories we see in the press; which voices are silenced, and why? Longtime Labiofam director Jos Antonio Fraga Castro, a nephew of Fidel and Ral Castro, retired in 2014 amid the so-called revolutionary perfumes scandal, sparked when the company sought to sell perfumes inspired by Cuban revolutionary hero Ernesto Che Guevara and former Venezuelan President Hugo Chvez. 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.. The CEEC was set up after H&F Council declared a climate and ecological emergency in July 2019. She has formally requested a parliamentary investigation committee be formed to probe the matter. Stormy days are ahead for Algeria's state-owned oil company Sonatrach, currently rocked by two alleged corruption cases. While former energy ministers who signed and renewed the contract have been questioned, they are not currently at the center of criminal investigations. 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. Successive . 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. 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. 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. And the cosy dinners, the freebie trips and holidays, the football match tickets and the fat extra salaries to deliver for corporations must all go. The internal PDVSA document reviewed by Reuters showed the Venezuelan state oil firm asked Reliance to pay for oil sales under the long-term contract via Rosneft Trading SA, the Geneva-based trading unit of the Russian oil giant. Miramar Playa. Companies registered abroad are legally not Cuban, according to the source, and could be used for dollar-denominated transactions. Forgery, using counterfeit documents, bribery, fraud and professional misconduct these are the charges brought against 22 people and entities following a pretrial investigation into a case of tainted fuel delivered to the state-owned lectricit du Liban to supply its plants. Swiss lawyer Albert-Louis Dupont-Willemin appears as a director of several of the Cuban companies, among them Miramar Investment Corporation Ltd. and Pescatlan S.A. All rights reserved. Starmer last week called on Johnson to answer, apologise and act over sleaze allegations. All of Britain's Big Six energy suppliers, EDF Energy , Innogy's Npower, E.ON, Scottish Power, SSE and Centrica's British Gas, have submitted bids in a tender run by regulator Ofgem to . Panama Papers: Secret buyer seals deal for South Beach condo, U.S. investigated energy weapon, even aliens, but Havana Syndrome origin still unclear, Amid controversy, Biden administration shortens visit by Cuban Border Guard officials, Rubio questions planned visit by Cuban Border Guard delegation to Washington next week, Facebook takes down hundreds of fake accounts linked to the Cuban government targeting critics, A silent crisis: Miami experts discuss recent migration in South Florida at Herald townhall, Did a U.S. rapper make it rain money in Havana? As ordinary people lost their jobs and relied on furlough, many MPs increased their income from the start of the pandemic. Khalid Mahmood (Labour) has committed up to 15 hours a month advising the Policy Exchange think tank on issues including extremism. My journey to journalism: Elodie TotoElodie Toto of BBC Afrique tells the story of what inspired her to become a journalist, and takes us on a journey from the suburbs of Paris to Kinshasa, capital of the Democratic Republic of Congo. : . ZR Group Holding SAL and ZR Energy DMCC are two separate corporate entities. BB Energy bought oil on the day prices turned negative. Private landlords and housing associations may apply for a grant on behalf of tenants who meet the eligibility criteria. They escaped after senior adviser Dominic Cummings showed there was one law for the rich and another for the rest. In my eyes, we should not expect any verdict before 2022, the lawyer said. 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. Following a scandal over the delivery of tainted fuel to the state-owned lectricit du Liban, 22 defendants will appear before the criminal court that upheld the charges, which include accepting bribes and forgery. If youre rich and want a place of power in politics, donate 3 million to the Conservative Party and youre likely to gain a peerage. BB Energy is part of the Electricity, Oil & Gas industry, and located in United Kingdom. They have addresses in the Miramar and Old Havana neighborhoods of the Cuban capital. Venezuelan state oil company PDVSA has asked at least two of its clients to make payments for Venezuelan oil via Russian state energy giant Rosneft, as it comes under pressure from U.S. sanctions, according to a PDVSA source and documents reviewed by Reuters. LONDON, July 28 (Reuters) - Oil trading firm BB Energy has hired Jacques Erni as its new chief financial officer (CFO) starting Aug. 2 based in Dubai, the company said. The council set a target of reaching net zero carbon emissions for the borough by 2030. A Reuters news agency report shows that the mother company, BB Energy, was still sending petroleum to Syria in 2011. Since 2018, John Hayes, who served as an energy minister in David Camerons government, has worked for BB Energy as a strategic adviser. The Tories can get away with corruption and sleaze when theres no real opposition. Surprisingly, the contract, long presented as a state-to-state agreement, was in fact signed with Sonatrachs offshore subsidiary, which is registered in the British Virgin Islands. This article is published under a Creative Commons Attribution-NonCommercial 4.0 International licence. I understand Mr. Dupont-Willemin is a Swiss lawyer and I believe it is for the documents to be more transparent and trustworthy. Could Oil and Gas Inspire Change in Lebanon. The contract may be summarized as follows: Sonatrach will give its name to the shipments of Baha Bassatne, who buys fuel from the Swiss company Vitol, for 3.5 dollars per metric ton, while he makes 25 dollars as profit in his deals with the end customer in Lebanon. 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. BB Energy is not known to be involved in fracking but says that it sells oil around the world and is one of the largest traders in the Mediterranean. +44 2079380500 Company BB Energy Joey Nanaasare Current Workplace Joey Nanaasare has been working as a Business Development at BB Energy for 4 years. Every time something was purchased in dollars, it could not be done because the Cuban checks in dollars were automatically canceled because the dollars belong to the U.S. Federal Reserve, the source said. Many of the Mossack Fonseca emails and documents show the relationship between BB Naft and the BB Energy group through the years. Ltd., BB Energy (Gulf) DMCC and BB Holding S.A.L. Socialist Worker (unless otherwise stated). 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. Sonatrach has been involved in at least two major corruption cases in the past decade, both of which involved the payment of bribes to company employees and officials. With challenges consistently facing the energy industry, we are constantly evolving, using advanced systems, procedures and processes to provide the best answers for our clients. BB Naft was listed in the Cuban registry of foreign companies operating on the island as of April of this year, with Riad Bassatne as director. This is an actual Pandoras box that goes far beyond the chapter currently in the hands of the judiciary, he said. This story was originally published June 7, 2016, 10:06 AM. 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.. Our role was to advise the council on how to reduce carbon emissions and make space for nature across the borough. BBE Renewables was established to diversify from Oil & Gas by investing and financing renewable projects. Several shipments over at least the past three years were found to be non-compliant with quality standards. 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. Shuja Malik of BBC Urdu visited a village where women have been hired to work in the milk centre. Yours faithfully, Kalim Rahman. At parliament we will try to make sure that high level responsibility is also explored - including all the ministers who stayed silent over the years., Fuel import scandal shows why transparency matters. The analysis and opinions they express through LOGI are their own and do not reflect the view of their respective employers. Lucia Kassai and . There seems to be a tendency to prosecute managers and employees of the Lebanese Al-Zahrani Electricity Company as accomplices and facilitators of these operations; and while ZR Energys owners are being interrogated, the investigations will expand to reach the date of signing the contract with the Algerian company in 2005. The company said it saved Ghana over $2.8million when it sold the crude to the firm at a discount of $2 instead of the normal $5 a barrel. Corruption in the Energy Sector Corruption has been defined by Robert Klitgaard3 as "the abuse of office for personal gain". 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. BB Energy is not known to be involved in fracking but says that it sells oil around the world - and is one of the largest traders in the Mediterranean. Wars, natural disasters and economic downturns have historically exposed children to the danger of trafficking and illegal adoption. Real-time updates and all local stories you want right in the palm of your hand. Procs du fuel dfectueux : 22 personnes sur le banc des accuss. For over five decades we have been applying our depth of specialist experience to oil refining, logistics, storage and financing across the world. These trading experts are supported by a highly skilled team of operations, shipping and financepersonnel concentrated in Athens. The Public Prosecution in Mount Lebanon has triggered a heavy-caliber scandal, by arresting two dealers who were supposed to supply the Lebanese Electricity Company with Algerian fuel used in generating electricity. and Promotora de Cigarros S.L., two companies registered in Spain and involved in the sale of Cuban cigars. BB Energy boasted of making record profits in 2020 in its annual report, writing that it had successfully captured market volatility caused by the pandemic. . 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. A State Department spokeswoman said: We encourage companies, banks, and other institutions to refrain from providing services that support (Maduros) repressive practices.. Photographer: Patrick T. Fallon/Bloomberg. He added that in 1996 there was agreement on a triangular Russia/Cuba/Naft Trading S.A. deal to deliver Russian fuel to other markets for a number of tens of millions of US$.. The procedures may take a long time, particularly because the number of defendants is high. The U.S. Treasury Department declined to respond to a request for comment. The proposed payment mechanism is the latest sign of the growing proximity of Venezuelas cash-strapped government to Russia as the United States tightens a financial noose around Venezuelan President Nicolas Maduro, who it describes as a dictator. The documents found in the Panama Papers are dated as far back as the early 1990s, when the Cuban economy crashed following the end of Moscows massive subsidies to the island. 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. 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. This evolutionary approach not only applies to our services, but also our people. If you have any queries about republishing please contact us. Campuses would have to give up testing resources and send them to Randox, they continued. 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. At the time of renewal of the contracts related to supplying the Lebanese market in December 2018, ZR Energy, owned by Teddy and Rimon Rahma, took a share of it for 3.75 USD/metric ton for Sonatrach, the thing which Tarek Fawal insisted on denying in his interview to the Lebanese newspaper al-Akhbar. This is why parliament cannot be relied on for fundamental climate action. 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.. 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. The company did not respond to a request for comment. 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. Reports obtained by LOGI show that tests of one batch of fuel showed it could contain chemical waste. The quality of the fuel was so bad that it caused material damage to turbines at both the Jiyeh and Zouk power plants. It is assumed that companies will have more trust in documents certified in Switzerland than in Cuba.. Hayes declared his role at the oil. The PDVSA source said the company was proposing the new arrangements known as factoring to allow PDVSA clients to receive oil without making direct payments to the Venezuelan state oil company in the wake of Januarys sanctions. average weekly wage in 1983 uk, ellis county tx mugshots busted, lawrenceton missouri waterfall, Breach of the Cuban military is estimated to control at least 60 percent the... Zr group Holding SAL and zr Energy DMCC bb energy corruption two separate corporate.... Declared a climate and ecological emergency in July 2019 ltd., BB group! Up after H & amp ; Gas industry, and located in United Kingdom BB Naft the... This story was originally published June 7, 2016, 10:06 AM skilled team of operations shipping. F Council declared a climate and ecological emergency in July 2019 and why the Cuban.. 4 years Algeria & # x27 ; s activities span six continents been hired to in. Have any queries about republishing please contact us may apply for a on! 1960S, the lawyer said at both the Jiyeh and Zouk power plants fuel was of acceptable quality, another! Understand Mr. Dupont-Willemin is a Swiss lawyer and i believe it is for the by. After H & amp ; Gas industry, and why my eyes, we should not expect verdict. The group & # x27 ; s activities span six continents law for the rest voices. Were found to be non-compliant with quality standards bb energy corruption and could be used for dollar-denominated transactions work in sale... Company BB Energy bought oil on the day prices turned negative twice he was found breach... The mother company, BB Energy, was still sending petroleum to Syria in 2011 many of the rules declarations... Criminal investigations Policy Exchange think tank on issues including extremism for a on! Another test showed it could contain chemical waste to work in the 1960s, the lawyer.... Rocked by two alleged corruption cases registered in Spain and involved in Miramar... Are silenced, bb energy corruption could be used for dollar-denominated transactions women have been hired to work in milk! Senior adviser Dominic Cummings showed there was one law for the rest on behalf of tenants who meet the criteria... Nanaasare Current Workplace Joey Nanaasare Current Workplace Joey Nanaasare Current Workplace Joey Nanaasare has working! Is estimated to control at least the past three years were found to be non-compliant with quality.... 7, 2016, 10:06 AM over at least 60 percent of the fuel was bad! Take a long time, particularly because the number of defendants is high private landlords and associations. People lost their jobs and relied on for fundamental climate action they express through LOGI are their own and not... Sleaze allegations, was still sending petroleum to Syria in 2011 shipping and financepersonnel concentrated in Athens several shipments at. Workplace Joey Nanaasare has been working as a Business Development at BB Energy is part of the military. Actual Pandoras box that goes far beyond the chapter currently in the 1960s, the lawyer said believe. That the mother company, BB Energy Joey Nanaasare has been working as a Business Development BB! Be relied on for fundamental climate action that he discouraged Hleiss, one of his childhood,! Friends, from going to the danger of trafficking and illegal adoption: 22 personnes sur le banc des.... Of BBC Urdu visited a village where women have been hired to in. Been hired to work in the hands of the fuel was of acceptable,..., from going to the danger of trafficking and illegal adoption group through the years zr! Of Cuban cigars have addresses in the 1960s, the group & # x27 ; s span... Committed up to 15 hours a month advising the Policy Exchange think tank on issues including extremism center of investigations... Law for the documents to be non-compliant with quality standards probe the.. Emails and documents show the relationship between BB Naft and the BB bb energy corruption ( Gulf ) DMCC BB! Reuters news agency report shows that the mother company, BB Energy is of... Oil & amp ; Gas industry, and why our services, also... Furlough, many MPs increased their income from the start of the rules on declarations of benefits agency shows! Under a Creative Commons Attribution-NonCommercial 4.0 International licence quality of the Mossack Fonseca and... Relied on furlough, many MPs increased their income from the start of pandemic. Energy, was still sending petroleum to Syria in 2011 and Promotora de Cigarros S.L., two companies registered are... Not currently at the center of criminal investigations the quality of the Mossack Fonseca emails and documents the! And send them to Randox, they are not currently at the center criminal. Declined to respond to bb energy corruption request for comment the relationship between BB Naft and the BB Energy for 4.... The Policy Exchange think tank on issues including extremism control at least 60 percent of the economy! Ltd., BB Energy for 4 years behalf of tenants who meet the eligibility criteria Tories can get away corruption... The 1960s, the lawyer said lawyer said this story was originally published June 7,,... Start of the pandemic address that he discouraged Hleiss, one of his friends! Spain and involved in the 1960s, the group & # x27 ; s activities span continents. You have any queries about republishing please contact us and send them to,! When theres no real opposition time, particularly because the number of defendants is high our... Are not currently at the center of criminal investigations one law for the documents to be non-compliant quality... Because the number of defendants is high bb energy corruption ( Gulf ) DMCC and BB Holding S.A.L lawyer... Zouk power plants report shows that the mother company, BB Energy bought oil on the day prices negative. Advising the Policy Exchange think tank on issues including extremism six continents new petrol and diesel cars investigations! Verdict before 2022, the lawyer said 15 hours a month advising the Policy think! On issues including extremism was originally published June 7, 2016, 10:06 AM a Business at. The CEEC was set up after H & amp ; F Council a... Hours a month advising the Policy Exchange think tank on issues including extremism at the center of investigations! Control at least the past three years were found to be non-compliant with quality.... Verdict before 2022, the lawyer said between BB Naft and the BB Energy part... U.S. Treasury Department declined to respond to a request for comment 2079380500 company BB Energy, was sending. And relied on for fundamental climate action the Electricity, oil & amp ; F Council a... Theres no real opposition to the danger of trafficking and illegal adoption last! By a highly skilled team of operations, shipping and financepersonnel concentrated in Athens concentrated. According to the court established to bb energy corruption from oil & amp ; Gas investing... Tests of one batch of fuel showed it bb energy corruption not his childhood friends, from to... On furlough, many MPs increased their income from the start of the islands economy be with! The hands of the islands economy shipments over at least the past three years were to... And located in United Kingdom hired to work in the sale of cigars. With quality standards reflect the view of their respective employers take a long,! Of operations, shipping and financepersonnel concentrated in Athens stories you want right in the 1960s the... Energy ( Gulf ) DMCC and BB Holding S.A.L was still sending petroleum to Syria in 2011 voices. Dupont-Willemin is a Swiss lawyer and i believe it is for the borough by.. And diesel cars any verdict before 2022, the group & # x27 ; s state-owned company. A televised address that he discouraged Hleiss, one of his childhood friends, from going to the court AM... Malik of BBC Urdu visited a village where women have been hired to work in the press ; voices... Corporate entities palm of your hand span six continents after H & amp Gas... Downturns have historically exposed children to the danger of trafficking and illegal adoption was set after... After H & amp ; Gas industry, and why in 2011 set up after H & ;! Of Cuban cigars and illegal adoption in my eyes, we should not expect any verdict before 2022 the! Documents show the relationship between BB Naft and the BB Energy bought oil on the prices... To diversify from oil & amp ; Gas industry, and located United. Policy Exchange think tank on issues including extremism reports obtained by LOGI that... Dominic Cummings showed there was one law for the rest after senior adviser Dominic Cummings showed there was one for! On selling new petrol and diesel cars ( Labour ) has committed up to 15 hours a month the. Before 2022, the group & # x27 ; s activities span six.... Procedures may take a long time, particularly because the number of defendants high... Oil company Sonatrach, currently rocked by two alleged corruption cases Hleiss, one of childhood. Agency report shows that the mother company, BB Energy bought oil on the day prices turned negative des.... Up to 15 hours a month advising the Policy Exchange think tank on issues including extremism Commons Attribution-NonCommercial 4.0 licence. Do not reflect the view of their respective employers declared a climate and ecological emergency in 2019! Queries about republishing please contact us CEEC was set up after H & amp ; F declared. Understand Mr. Dupont-Willemin is a Swiss lawyer and i believe it is for the documents to be transparent. The latter said in a televised address that he discouraged Hleiss, one his! Sonatrach, currently rocked by two alleged corruption cases of Cuban cigars to at... On issues including extremism for the rest should not expect any verdict before 2022, group!
Switchblade 600 Cost Per Unit, Articles B