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16 Min Read NEW YORK (Reuters) - 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. Satellite image captured by Planet Labs and verified by TankerTrackers.com, shows the Alastayir oil tanker (green, top) in a position to conduct a ship-to-ship transfer of crude with the Afra Royal oil tanker (bottom, red) in the Straits of Malacca, Malaysia October 17, 2020. Planet Labs/via REUTERS 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. ....
SPECIAL REPORT-UAE emerges as hub for companies helping Venezuela avoid U.S. oil sanctions reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
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. ....
Special Report: UAE emerges as hub for companies helping Venezuela avoid U.S. oil sanctions reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.