All individuals involved in this initiative - including co-founders, advisory board members, and experts - are serving in their personal capacity. 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. We hope to welcome you among our subscribers. They have not been called to account for the 37 billion spent on a failing test and trace system. For over five decades we have been applying our depth of specialist experience to oil refining, logistics, storage and financing across the world. NAFT TRADING S.A. The leaked documents also show that Guillermo Faustino Rodrguez Lpez-Calleja, brother of Gen. Luis Alberto Rodrguez Lpez-Calleja, was appointed in 1999 as a director of Pescatlan S.A., a company incorporated by Mossack Fonseca in the British Virgin Islands in 1991 with an initial capital of $50,000. Since sanctions were imposed, Reliance has made such purchases with the full knowledge and approval of the U.S. Department of State (USDOS), Reliance said. 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. 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. 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. The latter said in a televised address that he discouraged Hleiss, one of his childhood friends, from going to the court. 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 justification of the Sonatrach executives for adopting this type of contract (Fronting), which is renewed every three years, was the position of the intermediary in the Lebanese market, in addition to his taking all the risks related to the deals. This entire case rests on false assumptions backed up by entirely fabricated charges. I understand Mr. Dupont-Willemin is a Swiss lawyer and I believe it is for the documents to be more transparent and trustworthy. 3. 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. 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. The PDVSA source said the agreement had received the consent of all three parties and was being executed. Some 22 of the biggest donors have gained a seat in the House of Lords in the past 11 years. +44 2079380500 Company BB Energy Joey Nanaasare Current Workplace Joey Nanaasare has been working as a Business Development at BB Energy for 4 years. It has since been renewed four times. The publication was sponsored by Global Warming Policy Forum, a think tank founded by climate change denier Nigel Lawson. Billions of dollars have been siphoned off annually into political largesse and party war chests. 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. This comes on top of his standard MP salary of 81,932. 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. 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. Employees are required to act honestly and ethically when dealing with business counterparts. Entity: B.B. Which groups shape the stories we see in the press; which voices are silenced, and why? 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. Santiago De Cuba. the Home Energy and Conservation Act (HECA) report in Appendix 1. 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. INTRODUCTION AND BACKGROUND 3.1. Lucia Kassai and . We encourage anyone to comment, please consult, 43 Lords have financial interests in fossil fuel industry, How the UK helps the worlds kleptocrats and crooks deliberately, In the fight for racial justice, optimism is not enough, Staff and students in universities across the UK deserve better, The disturbing resurgence of antisemitic conspiracy theories, Creative Commons Attribution-NonCommercial 4.0 International licence. It targets Tarek Fawal, who is in charge of clearing Sonatrach BVIs transactions related to receiving and unloading fuel shipments in Lebanon, and is accused of bribery, forgery and using counterfeit documents, as well as Zaouk. The allegations did not prevent the Energy Ministry from awarding it a spot fuel import contract in January to partially fill the gap created by the end of the contract with Sonatrach, after the latter did not renew the deal. BB Energy Location 12-14 Ansdell St, London, Essex, W8 5BN, United Kingdom Description Read More Industry 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. In one email exchange in 2011 involving a British company representing ALIMPORT the Cuban state agency that handles food and agricultural imports, valued at nearly $2 billion in 2014 that wanted to open an account with the BBVA bank, a bank employee in Great Britain asked why documents related to Miramar Investment Corporation Ltd had been notarized in Switzerland. Petroecuador contracted BB Energy (Asia) Pte. Hes right, but the cruelty is the treatment of ordinary people and the contempt politicians have for the rest of us. A former Tory Party chairman told The Sunday Times, Once you pay your 3 million, you get your peerage.. For some 15 years, the public were informed that Lebanon was purchasing fuel from the Algerian state company Sonatrach. The efforts to hide the Cuban governments hand in the offshore companies means that its officials, lawyers and other employees used as stand-ins could eventually become the effective beneficiaries of the shares in those companies. Companies registered abroad are legally not Cuban, according to the source, and could be used for dollar-denominated transactions. Fuel Oil 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. Lebanese judicial sources told Daraj that the investigation will not be limited to the technical specifications of fuel, but will also include the commissions Sonatrach is making. He declined to provide further details. Following the publication of Reuters report on Thursday, Reliance said in its statement that it had purchased Venezuelan crude oil from Rosneft long before the imposition of U.S. sanctions on PDVSA in January, as the Russian company received oil in return for a reduction in Venezuelas debt. They include BB Energy Trading Ltd., BB Energy Management S.A., BB Energy Holdings NV., BB Energy B.V., BB Energy (Asia) Pte. The company did not respond to a request for comment. Ltd., BB Energy (Gulf) DMCC and BB Holding S.A.L. 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$.. Corruption in the Energy Sector Corruption has been defined by Robert Klitgaard3 as "the abuse of office for personal gain". To enjoy unlimited access to all LOrient Today content, subscribe. Campuses would have to give up testing resources and send them to Randox, they continued. 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. Rosneft would also make a profit by receiving an intermediation fee, the source and an internal PDVSA document said. 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. 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. The offer letter, seen by Reuters with its date redacted, said that Rosneft had agreed with PDVSA to pay BB Energys $26 million debt to the Venezuelan state oil company and then to seek payment from BB Energy via a bank transfer or an equivalent oil cargo. Zaouk is connected to Rahmeh, however, through another company, ZR Energy SAL Offshore, of which Rahmeh is a majority stakeholder and which, along with Zaouk, has a share in ownership of the Lebanese firm Domaz Holding. Link to this Report. Tory MP Owen Paterson announced his resignation last week following revelations of his shameless lobbying for big businesses. Miqati Says Cyprus Still Waiting for Lebanon's Ratification of Maritime Border Agreement. Our operations in these products are global and we use our storage and logistics for blending and optimising timely deliveries to fulfil customer requirements. The Office for Budget Responsibility warned in July that while the costs of reaching net zero are significant, they could be much higher if the government delays acting until 2030. He also said Rahme was a friend but denied he was giving Rahme protection. Corruption and sleaze hard-wired into Johnson and Tories, The Sun rises on Starmers appeal to media and bosses, Covid report finds deadly failings but lets Tories off the hook, 43,000 people given the wrong Covid test results, Rich get the government to do what it is paid for, New secret club of millionaire Conservative donors revealed, Scottish teachers strikes successand English regional strikes hit hard, Strikes hit Sri Lanka against new austerity drive, Teachers across the north of England walk out over pay, Secret cop unit should have disbanded, inquiry finds. The new certificates, for 800 shares, were to be issued in the names of 10 members of the Bassatne family, including 160 shares for Riad Bassatne. The council set a target of reaching net zero carbon emissions for the borough by 2030. 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. All quotes delayed a minimum of 15 minutes. In 1963 they entered the oil sector in Lebanon and were primarily involved in local marketing of oil products and importation of Bitumen. Twice he was found in breach of the rules on declarations of benefits. Moreover, he denied any relationship with the ZR Energy trading company. The Swiss lawyer did not respond to El Nuevo Herald requests for comments on this story. This is why parliament cannot be relied on for fundamental climate action. The government was forced to go back on itself and announced there would be a vote on Patersons suspension. RECOMMENDATIONS 2.1. Our Standards: The Thomson Reuters Trust Principles. 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. In response to Reuters story, Rosneft has denied it has acted as an intermediary for payments to PDVSA. After they didn't show up for questioning, reports suggested Hleiss and Rahme were being protected by Marada Movement leader Sleiman Frangieh. 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 CEEC was set up after H&F Council declared a climate and ecological emergency in July 2019. 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. Aguilar also has served as a deputy in the legislative National Assembly. Read about our approach to external linking. All rights reserved. Labiofam S.A. bought all the shares of BioAsia Ltd. in 2009. This field is for validation purposes and should be left unchanged. By April 28, Mount Lebanon Public Prosecutor Ghada Aoun said 21 people had been arrested in the case, mostly employees of the Oil Installations. 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. 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. He failed on a number of occasions to declare those interests. 11:07 AM | 31 Jan, 2023 . During his time as energy minister, Hayes caused controversy by refusing to support any further expansion to onshore wind power, describing wind turbines as a terrible intrusion. The report claims peerages appeared to be a reward to thank wealthy donors for funding the Tory party. Companies with Cuban capital or activities on the island. And most trade union leaders went down the same path. Many of the Mossack Fonseca emails and documents show the relationship between BB Naft and the BB Energy group through the years. Tory MP Bill Wiggin gained 25,000 in bonuses and fees from a tax dodging wealth management firm in Bermuda. The relationship between the BB Energy Group and Petroecuador appears to have lasted until recent days. The methods have frustrated Washington officials, who have in recent days questioned why sanctions have not had a more dramatic impact on Venezuelas finances. On top of Patersons 81,932 salary, he took home 8,333 a month to lobby on behalf ofhealthcare company Randox Laboratories. BB Energy is part of the Electricity, Oil & Gas industry, and located in United Kingdom. State-run Bangladesh Petroleum Corp., or BPC, has awarded the building contract to a consortium of Japan's Marubeni Corp., Vitol Asia Pte. ZR Energy DMCC wrote on its website, ZR Energy DMCC and Mr. Zaouk are incidental victims of this sinister power struggle.. Ltd., after several rounds of negotiations with a number of companies, the official added. This article was published in LOGI's May 2020 newsletter in partnership with Kulluna Irada. The offer letter, seen by Reuters with its date redacted, said that Rosneft had agreed with PDVSA to pay BB Energy's $26 million debt to the Venezuelan state oil company and then to seek. 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