By subscribing, you contribute to our financial and editorial independence. The analysis and opinions they express through LOGI are their own and do not reflect the view of their respective employers. Those front companies, the source added, also help Cuba carry out foreign trade transactions in U.S. dollars, forbidden by the embargo until President Barack Obama lifted the restriction earlier this year. The family controls BB Energy, a conglomerate founded in Lebanon in 1937 that buys and sells 16 million metric tons of crude and derivatives each year. Its ownership was in the form of anonymous bearer shares the owners are whoever has those shares. MP and former Tory energy minister John Hayes has been paid 150,000 by oil firm BB Energy over three years. Tell Grant Shapps to stop giving away Emissions Trading Scheme permits, Former energy minister John Hayes, who has likened climate protesters to Radical Islam, has received a 50,000 salary from BB Energy since 2018. One of the markets may have been Ecuador. See here for a complete list of exchanges and delays. He has also compared climate activists to radical Islam. 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. 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. The governments own Climate Change Committee warned in March that there is little, if any, room for increased fossil gas consumption if the goals of the 2015 Paris Climate Agreement are to be met. This article is published under a Creative Commons Attribution-NonCommercial 4.0 International licence. He failed on a number of occasions to declare those interests. 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$.. Security agencies have warned against gangs attempting to kidnap unaccompanied children. 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. BB Energy bought oil on the day prices turned negative. Responding to Reuters story, Reliance strongly denied making any payments via third parties to PDVSA. 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. But Cuba kept its links with some of the firms until very recently. At times, however, the shield of anonymity over Cuban companies is not very effective. Our role was to advise the council on how to reduce carbon emissions and make space for nature across the borough. Finally, Sonatrach rarely markets its fuel through intermediaries, and its fuel is sold through intermediaries well-known in the market. For its part, ZR Energy DMCC denied any involvement in illegal practices. 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. Thats why the Tories manage to survive scandal after scandal. The Mossack Fonseca documents nevertheless refer to Pescatlan as a Cuban company and do not identify the true owners of the company. Employees are required to act honestly and ethically when dealing with business counterparts. 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. It is up to the criminal court to render a decision on the merits of the case. The government was forced to go back on itself and announced there would be a vote on Patersons suspension. 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). 2022 LOrient-Le Jour. 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. Maduro has accused U.S. President Donald Trump of waging economic war against Venezuela. 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. Registered in: Panama Linked countries: Cuba Agent: Mossack Fonseca Search in: The Panama Papers data is current through 2015 read more Incorporated: 21-DEC-1984 Status: Active Connections: Linkurious and Neo4j Officer (3) Intermediary (1) Explore more from Panama Papers Mossack Fonseca The players Miqati Says Cyprus Still Waiting for Lebanon's Ratification of Maritime Border Agreement. This was in addition to his 49,140 directors salary. Companies with Cuban capital or activities on the island. 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. Paterson had, on 16 occasions, used his House of Commons office for meetings relating to his private business interests. 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. 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.. 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. At this stage, all defendants are innocent until found guilty, the lawyer said. Private landlords and housing associations may apply for a grant on behalf of tenants who meet the eligibility criteria. Copyright 2023 BB Energy. Venezuelas oil ministry, its information ministry - which handles media for the government - and PDVSA did not respond to questions. 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. Digital Subscription $1,909 Premium Subscription $3,179 Best Value The case has revealed the need to make all state contracts in the energy sector publicly available, including a 20-year contract signed in 2018 with Russian company Rosneft to rehabilitate and manage the Tripoli Oil Installations. Ukraine's track record of massive corruption in energy is a sadly familiar story. Ltd., BB Energy (Gulf) DMCC and BB Holding S.A.L. NAFT TRADING S.A. Johnson even survived revelations that he would rather let the bodies pile high than push forward plans for a third lockdown. 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. This was on top of his standard MP salary of nearly 82,000. 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. Successive . This was on top of his standard MP salary of nearly 82,000. Mango madness in IndiaSouth Asia diaspora reporter Gaggan Sabherwal shares the story of the Indian couple whove employed security guards after discovering they had planted an extremely rare mango tree by mistake at $50 a mango they aren't taking any chances! Randox later received a 347 million contract. Lucia Kassai and . 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. And most trade union leaders went down the same path. 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. They have addresses in the Miramar and Old Havana neighborhoods of the Cuban capital. 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. Then Paterson resigned, cancelling future parliamentary votes. 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. MPs should take all necessary steps to avoid the perception or reality they are using their public position for private gain.. They include BB Energy Trading Ltd., BB Energy Management S.A., BB Energy Holdings NV., BB Energy B.V., BB Energy (Asia) Pte. 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. The PDVSA source said the agreement had received the consent of all three parties and was being executed. Such transactions do not lead to any consequent payment to PDVSA and do not violate U.S. sanctions or policies.. Entity: B.B. As the pandemic highlighted, it is a mechanism for the enrichment of the tiny elite of business people who have an inside track to ministers and top civil servants. 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. Companies registered abroad are legally not Cuban, according to the source, and could be used for dollar-denominated transactions. 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. Please check individual images for licensing details. The CEEC was set up after H&F Council declared a climate and ecological emergency in July 2019. 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. Image: Cables of the electric generators in the Lebanese capital BeirutCredit: ANWAR AMRO/AFP via Getty Images, except East and Southern Africa & West and Central Africa. The London branch of the Algerian Sonatrach published a statement through the Algerian News Agency, saying that whoever was presented by the media as an employee of Sonatrach is not, in fact, an employee in the company, but an independent marine agent who monitors shipments in Lebanon for the benefit of the companys branch in London. The Algerian company tried to imply that the issue is limited to the technical specifications of the fuel. 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. John Hayes earns 50,000 per year as a strategic advisor for BB Energy, a major trader in crude oil and other petrochemical products. 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