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Search resuls for: "Marianna Parraga Sudarshan Varadhan"


2 mentions found


☆ Exclusive: Venezuela's PDVSA audits accounts with tycoon's petcoke firm amid probe
  + stars: | 2023-03-28 | by ( Deisy Buitrago Marianna Parraga Sudarshan Varadhan | Deisy Buitrago | Marianna Parraga | ) www.reuters.com   time to read: +5 min
The unpaid invoices originated with dozens of little-known companies acting as middlemen for Venezuela's oil exports since U.S. sanctions in 2020 halted deals with international trading firms and customers. Venezuela's Attorney General's office in October began a probe after oil tankers absconded without full payment to PDVSA. Venezuela's oil ministry and PDVSA did not reply to a request for comment. Maroil boosted Venezuela's petcoke exports following a commercial pact with PDVSA in 2016. In Venezuela, two heavy oil upgrading facilities controlled by PDVSA, Petro San Felix and Petrocedeno, produce and store petcoke.
☆ EXCLUSIVE Maroil takes over most of Venezuela's petroleum coke trading
  + stars: | 2022-09-21 | by ( Marianna Parraga Sudarshan Varadhan | Marianna Parraga | Sudarshan Varadhan | ) www.reuters.com   time to read: +5 min
Venezuela's oil ministry, PDVSA and Maroil did not reply to requests for comment. PETCOKE MOUNTAINSIn Jose, two heavy oil upgrading projects controlled by PDVSA, Petro San Felix and Petrocedeno, produce and store petroleum coke. SANCTION SCRAMBLEIndian firms this year have been big buyers of Venezuelan petcoke as the Asian nation looks for inexpensive fuel to power industries amid high coal prices. read moreShimsupa GmBH, a Germany-headquartered trading firm, has an exclusive arrangement with Maroil to sell Venezuelan petcoke in India, Pakistan and Bangladesh, the company said. Resellers of Venezuelan petcoke originally supplied by Maroil say the cargoes are free of penalties since, as opposed to PDVSA, Maroil has not been blacklisted by the U.S. Treasury Department.
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