We made a separate appeal to examine the contract with Sonatrach, but it was rejected. The Sunday Times newspaper has revealed a phone call on 9 April last year between Paterson and the Tory peer Lord Bethell, who was the minister responsible for handing out contracts. Digital Subscription $1,909 Premium Subscription $3,179 Best Value Boris Johnson initially backed Paterson. In an effort to save him even this punishment, Johnson instructed Tory MP Andrea Leadsom to put forward an amendment and set up a committee to prevent his suspension. October 19, 2018, 15:03 IST DUBAI: Trading company BB Energy has raised a $245 million revolving credit facility to refinance existing credit and for general corporate purposes, it said on Thursday. Responding to Reuters story, Reliance strongly denied making any payments via third parties to PDVSA. Stormy days are ahead for Algeria's state-owned oil company Sonatrach, currently rocked by two alleged corruption cases. According to the Dubai commercial register, ZR Energy DMCC is fully owned by Zaouk. Yours faithfully, Kalim Rahman. 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. They have not been called to account for the 37 billion spent on a failing test and trace system. 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. His register of interests says he currently earns 50,000 in the role, for about 11 days work a year. However, he expressed regret that the court system had not dug deeper. Furthermore, in this context, the Lebanese judiciarys decision to seize this file can be explained long after companies have been getting commissions on the import of fuel. 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. The publication was sponsored by Global Warming Policy Forum, a think tank founded by climate change denier Nigel Lawson. The Swiss lawyer did not respond to El Nuevo Herald requests for comments on this story. 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. 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. Johnson even survived revelations that he would rather let the bodies pile high than push forward plans for a third lockdown. After the report was published, Reliance did not respond to further questions from Reuters about why the PDVSA internal document proposed Reliance pay Rosneft a marketing fee related to the supply of crude under the Indian firms long-term supply contract with PDVSA. The response of Sonatrachs representative in Lebanon, Tarek Fawal, was quick, as he declared the companys willingness to cooperate with the Ministry of Energy to resolve the issues related to what he called the lack of conformity of the last shipment of fuel to the specifications, noting that this shipmentestimated at 38,000 tonswas examined by three different international offices who confirmed that it in fact met the specifications stipulated in the contract. The CEEC was set up after H&F Council declared a climate and ecological emergency in July 2019. 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. The Panama Papers, documents leaked to the International Consortium of Investigative Journalists and shared with the McClatchy Washington Bureau, Miami Herald and El Nuevo Herald, among others, contain hundreds of thousands of pages from the files of Mossack Fonseca, a Panama law firm with offices in 33 other countries. BB Energy Location 12-14 Ansdell St, London, Essex, W8 5BN, United Kingdom Description Read More Industry How the 61-year-old embargo is blocking Cubans from finding sponsors in the U.S. The Panama Papers show Dupont-Willemin as a director of a total of 49 offshore companies in the British Virgin Islands, five in Panama and two each in the Bahamas and Seychelles islands. 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. All rights reserved. The case dates back to March 2020, when EDL reported to the judiciary that it had received a shipment of poor-quality fuel, even though the results of tests conducted at the port of exit and upon the fuels arrival at the Beirut port showed the opposite. One knowledgeable source who asked to remains anonymous said the Cuban government also has registered companies, ships and airplanes in Panama and other countries to get around the embargo and avoid court-ordered seizures to settle its many debts abroad. The money is in our account and as yet we have not paid anyone, said the spokesman. Issues with the quality of the fuel imported to Lebanon were uncovered by Yahya Mawlud, the director of Middle East Power, which runs turbines at the Zouk and Jiyyeh power plants. Whatever youre interested in, theres a free openDemocracy newsletter for you. There have been unconfirmed reports that Luis Alberto Rodriguez Lopez-Calleja divorced Deborah Castro Espin in recent years, but he remains in charge of Grupo de Administracin Empresarial S.A., (GAESA) and the governments signature port of Mariel development project. Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region's best source of business information. They include Petrobras, Vitol, and Glencore Limited. The arrangement would also allow the cash-strapped Venezuelan state company to receive faster payment, sometimes avoiding the usual 30-to-90 day timeframe for completing oil transactions. Little is known inside the island about the Cuban governments companies abroad, but Havana economist Omar Everleny wrote in the early 2000s that there were more than 100 entities with the participation of Cuban capital, founded as mixed [state-private] companies or as branches of companies based on the island operating abroad in areas such as construction, agriculture, food, medicine, mining, finance and science., Everleny, recently fired from the University of Havanas Center for the Study of the Cuban Economy, noted the paradox that a country that lacks the capital for its own development has invested in other countries. The motive, he speculated, is the U.S. embargo that forced the establishment of a network of companies around the world to warehouse and market products from the sea, among them lobsters and shrimp., Today the export of products from the fishing industry is carried out through those companies, he said, adding that Cuban officials also created an international network of companies to warehouse and sell the famous Cuban cigars.. After the Reuters story ran, Rosneft strongly denied the report, describing it as a blatant lie and a provocation against Rosneft. Instead of seeking to polish and rescue parliaments reputation, Labour and the unions should be campaigning for a complete clean out of corrupted MPs. See here for a complete list of exchanges and delays. Their combined donation amounts to a total of 54 million. Peter Quinter, an expert on U.S. embargo laws and former head of the International Law section of the Florida Bar Association, said the U.S. trade embargo on Cuba generally bars a company with a U.S. presence from doing business with Cuba directly or indirectly through an offshore branch, for example. 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. Somebody did and bedlam ensued. The Cuban government also hid its control of offshore companies by creating still other limited liability companies whose sole objective was to appear in registries as owners of the offshore companies and disguise Cubas hand in them. 310. John Hayes earns 50,000 per year as a strategic advisor for BB Energy, a major trader in crude oil and other petrochemical products. : . The Committee on Standards suggested Paterson should just be suspended from the Commons for 30 days. Public documents show for example that Vitol and Glencore have used intermediaries to funnel over US$31 million in bribes to corrupt Petrobras employees in the past so that they may win big contracts, along with acquiring other benefits. Labour supports essentially the same system as now. BB Energy ("BBE or the Group") was established by the Bassatne Family who started a commodities business in Lebanon in 1937, trading grain and asphalt. He boldly claimed a delay would allow fossil fuels to become even cleaner. 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. Then Paterson resigned, cancelling future parliamentary votes. Our role was to advise the council on how to reduce carbon emissions and make space for nature across the borough. Its official address is the same as that of BB Energy Trading: 140 Brompton Rd., London, SW3 1HY, United Kingdom. Please detail the London Energy Project's revenue received, costs incurred and breakdown for both (ie where money was received from and how it was spent) for financial years 2015/16, 2016/17, 2017/18, 2018/19 and budget for 2019/20. Santiago De Cuba. A zero tolerance approach to any deviance from such requirement is adopted throughout the group. 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. 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. (Credit: Philippe Hage Boutros/OLJ). Entity: B.B. 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 Cuban military is estimated to control at least 60 percent of the islands economy. The Mossack Fonseca documents nevertheless refer to Pescatlan as a Cuban company and do not identify the true owners of the company. Hayes recently opposed a plan to bring forward a ban on selling new petrol and diesel cars. 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. 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. 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 . 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. MPs should take all necessary steps to avoid the perception or reality they are using their public position for private gain.. 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 testimonies suggest that this system has been in place for years, resulting in Lebanon purchasing tainted fuel under a contract signed in 2005 with a subsidiary of Algerias Sonatrach Petroleum Corporation. Although Labour can now pick up on details of outrageous behaviour, it never offered a different strategy to that which put people before profits during the horror of the pandemic. All rights reserved. As ordinary people lost their jobs and relied on furlough, many MPs increased their income from the start of the pandemic. Patersons lobbying interests extended to sausage company Lynns Country Foods who paid him 12,000 for just 24 hours of work each year. The company, which has offices in Havana and other countries, was created to handle, among other things, its relationship with oil-exporting Latin American countries and with Cuba, Mossack Fonseca lawyer Rigoberto Coronado wrote in an email. Maduro has accused U.S. President Donald Trump of waging economic war against Venezuela. 3. 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 Lebanese National News Agency announced that the attorney-general of Mount Lebanon, Ghada Aoun, issued arrest warrants against 17 people working in the fuel sector because of import irregularities. In my eyes, we should not expect any verdict before 2022, the lawyer said. Glencore has installed independent legal monitors to oversee its internal conduct as part of an agreement with the US government, marking a key milestone in the Swiss-based commodities house's . A State Department spokeswoman said: We encourage companies, banks, and other institutions to refrain from providing services that support (Maduros) repressive practices.. Companies with Cuban capital or activities on the island. In an email, an official wrote that Matt Hancock, health secretary at the time, would send a letter to universities asking for loans of the various things we need. Such transactions do not lead to any consequent payment to PDVSA and do not violate U.S. sanctions or policies.. The managing team of Sonatrach, at that time, instructed Sonatrach Petroleum Corporation (London branch) to carry out the deal.The deal that was negotiated then created the branch of Sonatrach in London, a front for a Lebanese trader named Baha Bassatne, whose company (BB Energy) had been receiving a lions share of the profit margin obtained from these triangular business processes. By signing up, you agree to our Terms and conditions and privacy policy. With its economy reeling from years of recession and a sharp decline in oil production, Venezuela was already struggling to finance imports and government spending before Washington imposed tough restrictions on PDVSA in January. Asked about Rosnefts offer and the fuel cargo payment, a spokesman for BB Energy said the company had not completed the transaction, under guidance from legal counsel. Ltd., after several rounds of negotiations with a number of companies, the official added. This article is published under a Creative Commons Attribution-NonCommercial 4.0 International licence. 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. ZR Group and Mr. Rahmeh were unlawfully indicted on a number of charges, of which all but one have been dropped. Rosneft would also make a profit by receiving an intermediation fee, the source and an internal PDVSA document said. An accountant for the British company All Worlds Food Ltd, Jose Da Silva, answered: I do not know the reasons why the documents were certified by a Swiss notary. 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. When MPs have lucrative side-jobs for private firms it raises questions over whose interests they are serving. 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. But the stench of corruption was too much. Paterson had, on 16 occasions, used his House of Commons office for meetings relating to his private business interests. On top of Patersons 81,932 salary, he took home 8,333 a month to lobby on behalf ofhealthcare company Randox Laboratories. Link to this Report. Much of the Mossack Fonseca correspondence on those companies involves updates of company registries and boards of directors, payment of fees and requests for letters of financial status required to open bank accounts or sign contracts. 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. 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. Real-time updates and all local stories you want right in the palm of your hand. This evolutionary approach not only applies to our services, but also our people. Owen Patersonthe MP who lobbied for private companies in the pandemic (Picture: Flickr/ NFU Pics). . A former Conservative minister who has criticised climate change policies and joined calls to restart fracking has been paid 150,000 by an oil firm, openDemocracy can reveal. . ZR Energy DMCC wrote on its website, ZR Energy DMCC and Mr. Zaouk are incidental victims of this sinister power struggle.. The Covid-19 public inquiry is a historic chance to find out what really happened. He failed on a number of occasions to declare those interests. 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. The branch he was managing, which was a subject for the report of the General Inspectorate of Finance, was dissolved. The PDVSA source said the agreement had received the consent of all three parties and was being executed. In another document, the lawyer Kabalan instructed Mossack Fonseca in 2005 to issue new shares for BB Naft because the originals had been sold to BB Energy Holdings N.V., a Curacao-based company publicly listed as part of the BB Energy group. It showed that fuel was of acceptable quality, when another test showed it was not. Ltd., in February of this year to import 2,880,000 barrels of diesel fuel. This story was originally published June 7, 2016, 10:06 AM. Please enable JavaScript in your browser to submit the form, - | 01.03.2023. The procedures may take a long time, particularly because the number of defendants is high. It has since been renewed four times. At this stage, all defendants are innocent until found guilty, the lawyer said. Oil accounts for more than 90 percent of exports from the OPEC nation and the lions share of government revenues. Independent MP Paula Yacoubian told LOGI that she believed Lebanese and Algerian mafias were involved in a corruption scheme tied to the fuel imports. 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