UAE: UAE a hub for firms helping Venezuela avoid US sanctions

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 (UAE) took over the 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 news agency 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.

The original full article can be found at aljazeera.com

(Photo: Hartmut Knape/Reuters)

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