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30Dec2020 Midday Update: Wall Street Opened Higher, But No New Highs Recorded, DOW At 1 ET Up 165 Points, Nasdaq Up +0 3%, WTI Crude Slips Fractionally To 47 96, Bitcoin Staeady At 28111

30Dec2020 Midday Update: Wall Street Opened Higher, But No New Highs Recorded, DOW At 1 ET Up 165 Points, Nasdaq Up +0 3%, WTI Crude Slips Fractionally To 47 96, Bitcoin Staeady At 28111
econintersect.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from econintersect.com Daily Mail and Mail on Sunday newspapers.

SPECIAL REPORT-UAE emerges as hub for companies helping Venezuela avoid U S oil sanctions

SPECIAL REPORT-UAE emerges as hub for companies helping Venezuela avoid U S oil sanctions
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UAE Emerges As Hub For Companies Helping Venezuela

Maritime Activity Reports, Inc. December 29, 2020 © Pak Agen / MarineTraffic.com In June, the United States imposed sanctions on half a dozen oil tankers managed by established shipping firms. It was a major escalation of American attempts to choke off Venezuela’s oil trade. Within weeks, a little-known company based in the United Arab Emirates took over management of several tankers that had been shipping Venezuelan oil. The vessels got new names. And then they resumed transporting Venezuelan crude. The company, Muhit Maritime FZE, is one of three UAE-based entities identified by Reuters that have shipped Venezuelan crude and fuel during the second half of this year. Their role emerges from an examination of internal shipping documents from Venezuela’s state oil company as well as third-party shipping and vessel tracking data. Tankers managed by the firms have transported millions of barrels of oil produced by state-run Petroleos de Venezuela SA, or PD

UAE emerges as hub for companies helping Venezuela avoid US oil sanctions

UAE emerges as hub for companies helping Venezuela avoid US oil sanctions Toggle share menu Advertisement UAE emerges as hub for companies helping Venezuela avoid US oil sanctions File photo of a worker collecting a crude oil sample at an oil well. (File photo: REUTERS/Carlos Garcia Rawlins) 29 Dec 2020 09:31PM (Updated: 29 Dec 2020 09:46PM) Share this content Bookmark NEW YORK: In June, the US imposed sanctions on half a dozen oil tankers managed by established shipping firms. It was a major escalation of American attempts to choke off Venezuela’s oil trade. Within weeks, a little-known company based in the United Arab Emirates took over management of several tankers that had been shipping Venezuelan oil. The vessels got new names. And then they resumed transporting Venezuelan crude.

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