bb energy corruption
bb energy corruption
Please check individual images for licensing details. Offer sent. 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 Dominic Cummings, Boris Johnsons former senior adviser, says that the attempt to discredit the system that found then MP Owen Paterson guilty was really about the PM and his own lies. The news website Diario de Cuba has identified the director of foreign investments at the Foreign Trade Ministry, Dborah Rivas Saavedra, as another of the directors of Racuza, Miramar Investment Corporation Ltd and Caribbean Sugar Trader. Add your voice to our engaged subscriber community and be part of the change. Tory MP Bill Wiggin gained 25,000 in bonuses and fees from a tax dodging wealth management firm in Bermuda. With approximately 24 million metric tonnes of physical crude oil, petroleum products and gas traded annually, BBE is one of the most active gas-oil, gasoline, fuel oil and bitumen traders. 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. 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). Records of a meeting in Dubai in March of 2011 reflect a decision to significantly reduce the capital of BB Naft, held by BB Energy Holdings NV., from $8 million to $1.050 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. 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. 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. 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 . Panamericanas former director, Jos L. Fernndez de Cosso Domnguez, is listed in the leaked documents as a director of Miramar Investment Corporation Ltd, Euro Foods Ltd, Racuza S.A, Caribbean Sugar Trader, Mercaria Trading S.A. and Sabradell S.A. Fernndez more recently served as Cubas ambassador to Japan and economic attach at the embassy in Paris. They escaped after senior adviser Dominic Cummings showed there was one law for the rich and another for the rest. The Venezuelan companys shipping schedules showed that Reliance was loading a cargo from PDVSA as recently as April 20. 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. 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. When MPs have lucrative side-jobs for private firms it raises questions over whose interests they are serving. The report by the All-Party Parliamentary Group for Fair Fuel for UK Motorists and UK Hauliers decries the environmental evangelism and virtue signalling of the governments plan to phase out new petrol and diesel engines by 2030. . The government was forced to go back on itself and announced there would be a vote on Patersons suspension. After the Reuters story ran, Rosneft strongly denied the report, describing it as a blatant lie and a provocation against Rosneft. Mansour had initially leveled the same accusations against the Lebanese company ZR Group Holding SAL and issued an arrest warrant for its owner, Teddy Rahmeh, which was withdrawn after bail was posted. Employees are required to act honestly and ethically when dealing with business counterparts. Please enable JavaScript in your browser to submit the form, - | 01.03.2023. Like the extractives sector, the renewables industry requires substantial capital investments, which can come with substantial risks of . Rosneft would also make a profit by receiving an intermediation fee, the source and an internal PDVSA document said. The U.S. Treasury Department declined to respond to a request for comment. Miqati Says Cyprus Still Waiting for Lebanon's Ratification of Maritime Border Agreement. Reliance said in its statement its purchases of Venezuelan oil from Rosneft do not lead to any payments to PDVSA. Few traders had room to receive physical barrels at Cushing. As Johnson announced Covid safety restrictions in March 2020, the government handed Randox a 133 million contract to manufacture Covid tests. 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. That the energy industry carries heightened corruption risks is well documented: when the OECD analysed 427 anti-bribery enforcement actions in 2014, they found that almost one in five related to the extractive industries. I understand Mr. Dupont-Willemin is a Swiss lawyer and I believe it is for the documents to be more transparent and trustworthy. The legal proceeding is not expected to be decided before next year. The PDVSA source said the agreement had received the consent of all three parties and was being executed. The Bulk Oil Storage and Transportation Company Limited (BOST) has absolved itself of any wrongdoing in the sale of 942,000 barrels of crude to Lebanon-based oil firm, BB Energy. Patersons lobbying interests extended to sausage company Lynns Country Foods who paid him 12,000 for just 24 hours of work each year. All rights reserved. Since the Tories takeover of parliament in 2010, nine of the partys former treasurerswho donated huge amountswere given a position as a Lord. BB Energy has trading hubs in the UAE, the U.K., the US, and Singapore. He receives a salary of 25,000 a year. Its stated aims are to challenge what it describes as the extremely damaging and harmful policies designed to mitigate climate change. It held all the shares of Euro Foods Ltd., which was registered in the Bahamas and in turn represented ALIMPORT. The internal PDVSA document said the sales would allow the partial completion of the financial scheme of advanced payments between PDVSA and Rosneft. NAFT TRADING S.A. Stormy days are ahead for Algeria's state-owned oil company Sonatrach, currently rocked by two alleged corruption cases. 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. 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. BB Energy is one of the world's leading independent energy trading companies. All individuals involved in this initiative - including co-founders, advisory board members, and experts - are serving in their personal capacity. Hes right, but the cruelty is the treatment of ordinary people and the contempt politicians have for the rest of us. Boris Johnson initially backed Paterson. The spoiled fuel scandal is a result of the commercial practices of the Sonatrach executives in collusion with Lebanese merchants, both of which were condoned by the relevant authorities in both Algeria and Lebanon. He boldly claimed a delay would allow fossil fuels to become even cleaner. It said it had purchased Venezuelan oil from Rosneft that was provided by PDVSA to the Russian company in repayment of past loans, so no money was flowing back to Maduros government. This means that the judiciary has ruled pro forma for now. The leaked documents confirm the existence of these types of foreign companies, with at least partial Cuban government capital. At this stage, all defendants are innocent until found guilty, the lawyer said. Last month he and other Tory MPs called for fracking to resume. BB Energy is part of the Electricity, Oil & Gas industry, and located in United Kingdom. As Lebanon endures worsening blackouts and fuel shortages, BBC Arabic investigates the disastrous state of the country's electricity sector. 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. Real-time updates and all local stories you want right in the palm of your hand. The case is now with the Mount Lebanon Criminal Court, presided over by Mohamad Mortada. 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. 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. 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. For some 15 years, the public were informed that Lebanon was purchasing fuel from the Algerian state company Sonatrach. BB Energy (the Group) is pleased to announce the launch of its Improved Cookstove (ICS) Project in Rwanda. Sonatrach started supplying fuel to Lebanon in 2005. 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. MEXICO CITY (Reuters) - (This April 18 story corrects to make clear Reuters could not determine payments were made under the proposed arrangement, removes reference to Evrofinance Mosnarbank and clarifies that experts see no violation of sanctions). We are committed to acting as a model corporate citizen at all times and benefitting the local communities in which we operate. The judge is the one who has the power to add to or drop the charges.. The Mossack Fonseca documents nevertheless refer to Pescatlan as a Cuban company and do not identify the true owners of the company. The council set a target of reaching net zero carbon emissions for the borough by 2030. Riad Bassatne and his son Wael remained owners of the remaining shares. Digital Subscription $1,909 Premium Subscription $3,179 Best Value The company opened an office in Cuba, he explained, because he has been a resident of Havana like his wife and three children, all of them born in Cuba and Cuban citizens. 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). 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. 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. Starmer last week called on Johnson to answer, apologise and act over sleaze allegations. By. Petroecuador contracted BB Energy (Asia) Pte. Companies registered abroad are legally not Cuban, according to the source, and could be used for dollar-denominated transactions. 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. In his self-pitying resignation letter he blamed the cruel world of politics. 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. 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. A convoluted email by a Cuban lawyer for Tecnica Hidraulica, registered in the British Virgin Islands (BVI), showed all its shares were held by Cubas Tcnica Hidrulica, S.A. Venezuelas oil ministry, its information ministry - which handles media for the government - and PDVSA did not respond to questions. In 2015, BB Energy won Ecuadoran contracts for more than three million barrels of naphtha, a petroleum distillate. Labiofam S.A. bought all the shares of BioAsia Ltd. in 2009. This means you can get up to 7,500 worth of measures installed for a maximum contribution of 2,500. 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