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. The document also said that the payment by Reliance to Rosneft would also allow PDVSA to meet unspecified contractual obligations to Rosneft. This means you can get up to 7,500 worth of measures installed for a maximum contribution of 2,500. Since 2018, John Hayes, who served as an energy minister in David Camerons government, has worked for BB Energy as a strategic adviser. A convoluted email by a Cuban lawyer for Tecnica Hidraulica, registered in the British Virgin Islands (BVI), showed all its shares were held by Cubas Tcnica Hidrulica, S.A. They have not been called to account for the 37 billion spent on a failing test and trace system. 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 judge is the one who has the power to add to or drop the charges.. Subscribe to our newsletters and offers. Our Standards: The Thomson Reuters Trust Principles. 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. Our role was to advise the council on how to reduce carbon emissions and make space for nature across the borough. ZR Group Holding SAL and ZR Energy DMCC are two separate corporate entities. Their combined donation amounts to a total of 54 million. By. The Cuban Embassy in Washington did not answer a comment request for this story. It held all the shares of Euro Foods Ltd., which was registered in the Bahamas and in turn represented ALIMPORT. BB Energy is part of the Electricity, Oil & Gas industry, and located in United Kingdom. A former Tory Party chairman told The Sunday Times, Once you pay your 3 million, you get your peerage.. 2. Oil accounts for more than 90 percent of exports from the OPEC nation and the lions share of government revenues. 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. It is assumed that companies will have more trust in documents certified in Switzerland than in Cuba.. Miramar Playa. Employees are required to act honestly and ethically when dealing with business counterparts. Its official address is the same as that of BB Energy Trading: 140 Brompton Rd., London, SW3 1HY, United Kingdom. Stakeholders in renewable energy value chains include not only manufacturers, suppliers and users but also government agencies, financial institutions and private technology companies, as well as informal local networks. The development has had mixed reactions. Behind the scandalous lies and appalling plunder by the political elite and their business backers lies their drive to profit from pandemic suffering. Khalid Mahmood (Labour) has committed up to 15 hours a month advising the Policy Exchange think tank on issues including extremism. Then Paterson resigned, cancelling future parliamentary votes. Thats why the Tories manage to survive scandal after scandal. Landlords are eligible for up 5,000 to cover two thirds of energy efficiency work. Sir John's earnings put him among the most well paid MPs. Reports obtained by LOGI show that tests of one batch of fuel showed it could contain chemical waste. The quality of the fuel was so bad that it caused material damage to turbines at both the Jiyeh and Zouk power plants. If youre rich and want a place of power in politics, donate 3 million to the Conservative Party and youre likely to gain a peerage. Whatever youre interested in, theres a free openDemocracy newsletter for you. The Committee on Standards suggested Paterson should just be suspended from the Commons for 30 days. The Covid-19 public inquiry is a historic chance to find out what really happened. That the energy industry carries heightened corruption risks is well documented: when the OECD analysed 427 anti-bribery enforcement actions in 2014, they found that almost one in five related to the extractive industries. (Credit: Philippe Hage Boutros/OLJ). 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. 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. The Public Prosecution Office began investigating them to the backdrop of the ongoing debate, in Lebanon, over spoiled fuel bought by the electricity company from the Algerian oil company, Sonatrach, which ranked thirteenth in the ranking of oil companies in the world. The Panama Papers show Dupont-Willemin as a director of a total of 49 offshore companies in the British Virgin Islands, five in Panama and two each in the Bahamas and Seychelles islands. Many of the Mossack Fonseca emails and documents show the relationship between BB Naft and the BB Energy group through the years. 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. His register of interests says he currently earns 50,000 in the role, for about 11 days work a year. Read about our approach to external linking. Hayes declined to comment. The spoiled fuel scandal is a result of the commercial practices of the Sonatrach executives in collusion with Lebanese merchants, both of which were condoned by the relevant authorities in both Algeria and Lebanon. As working class people suffered mass deaths during the first phases of the Covid pandemic, Tory MPs and their mates filled their bank accounts. Twice he was found in breach of the rules on declarations of benefits. After they didn't show up for questioning, reports suggested Hleiss and Rahme were being protected by Marada Movement leader Sleiman Frangieh. Reliance said in its statement its purchases of Venezuelan oil from Rosneft do not lead to any payments to PDVSA. MEXICO CITY (Reuters) - (This April 18 story corrects to make clear Reuters could not determine payments were made under the proposed arrangement, removes reference to Evrofinance Mosnarbank and clarifies that experts see no violation of sanctions). Since the Tories takeover of parliament in 2010, nine of the partys former treasurerswho donated huge amountswere given a position as a Lord. Multimillionaire donors seem almost guaranteed a peerage, according to a report by the Open Democracy thinktank and the Times newspaper. They escaped after senior adviser Dominic Cummings showed there was one law for the rich and another for the rest. 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. 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. 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. The Lincolnshire MP recently criticised the governments plan to bring forward a ban on selling new petrol and diesel cars, saying that a delay would allow fossil fuels to become even cleaner. 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. The Venezuelan companys shipping schedules showed that Reliance was loading a cargo from PDVSA as recently as April 20. One knowledgeable source who asked to remains anonymous said the Cuban government also has registered companies, ships and airplanes in Panama and other countries to get around the embargo and avoid court-ordered seizures to settle its many debts abroad. Surprisingly, the contract, long presented as a state-to-state agreement, was in fact signed with Sonatrachs offshore subsidiary, which is registered in the British Virgin Islands. In recent years, the company has become increasingly active in LPG and LNG. The instructions to the BB Naft shareholders were dated and signed in Beirut, but the agreement for the guarantee was signed by lawyers and verified by the office of the BNP Paribas bank in Marrousi, Greece. Digital Subscription $1,909 Premium Subscription $3,179 Best Value With approximately 24 million metric tonnes of physical crude oil, petroleum products and gas traded annually, BBE is one of the most active gas-oil, gasoline, fuel oil and bitumen traders. At times, however, the shield of anonymity over Cuban companies is not very effective. The similar logo and name are explained through an agreement between the two firms that gave ZR Energy DMCC the right to use the brand and credit facility of ZR Group Holding SAL. 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. 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. In view of the foregoing debate, were forced to return to the commercial relationship between Sonatrach and the Lebanese Ministry of Energy, and the pressure exercised by former Sonatrach CEO, Abdelmoumen Ould Kaddour, to adopt ZR Energy trading company as a second intermediary besides Baha Bassatne, as a supplier in the Algerian companys name; the thing that occurred a year and a half before opening the file. After the return of Ould Kaddour to Sonatrach as its general manager in April 2017, it was not long before he imposed yet another intermediary besides Baha Bassatne. We hope to welcome you among our subscribers. Their statement mentioned that it was all about a dispute with their client in Lebanon, the Ministry of Energy and Water, around a defect in a shipment that was directed to a company under its supervision, which is EDL, a Lebanese power company. The statement added that the London branch is trying to sort out the problem with the client through continuous discussion, and that it will soon be solved, as the relationship between Sonatrach and the Lebanese Ministry of Energy and Water is excellent. The payment by Reliance to Rosneft would also allow PDVSA to meet unspecified contractual obligations to Rosneft would also PDVSA! ; Gas industry, and located in United Kingdom the Committee on Standards suggested should! 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