Scheme of secret oil deliveries from Venezuela to account of Rosneft published

Scheme of secret oil deliveries from Venezuela to account of Rosneft published
Head of Rosneft Igor Sechin

The procedure of the deliveries is carried out via oilers with switched off transponders.

Bloomberg has reported that Venezuela exports millions of barrels of oil abroad by covert means, switching off the oilers’ transponders, reports RBC.

Bloomberg - with reference to gathered data and reports on deliveries - indicates that during the first 11 days of November, Venezuela loaded 10.86 barrels of oil fuel to tankers - which is twice more than the same period in October. Around the half of the volume was loaded to ships that switched off their transponders and later delivered the cargo to India and China.

According to the agency, 2 million barrels of oil were loaded - within the contract with Russia’s Rosneft - to a Venezuela’s tanker (Dragon) that goes under the flag of Liberia. At the present time, it’s in Venezuela’s port of Jose. However, according to the recent GPS-signal, it was supposed to be near France.

Dynacom Tankers Management that owns Dragon stated that starting from January, 2019, none of the ships took part in contracts with organizations that are under the U.S. sanctions. Besides that, the company noted that they had never violated conditions of the U.S. sanctions towards Venezuela. With that, Dynacom refused to answer why Dragon has had its transponder switched off over the last three weeks. Besides that, they did not confirm that the tanker moored to Venezuela.

Rosneft told Bloomberg that the company and its daughter company RTSA “had not freighted the ships in this logistic chain.” Besides that, the company noted that it works in Venezuela “in accordance with the international legislation” and within contracts tied long before the U.S. imposed the sanctions. Rosneft refused to comment upon the situation with the transponders.

Bloomberg notes that the practise of switching off of transponders has grown up last month, after the U.S. had accused a Chinese shipping company of oil delivery to Iran that is under the sanctions. “More and more tankers seem to use this method to avoid fines. Meanwhile, they give a boost to increasing of oil extraction in Venezuela that had dropped following the U.S. sanctions.

The practise of switching off of transponders is nothing new and can be used for certain goals or other reasons, reports Bloomberg. The agency notes that the scheme is often used by Iran - that is under the U.S. sanctions - to export its oil.

Tags: Rosneft
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