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OIL AND GAS
Venezuela moving oil company office to Russia
by Staff Writers
Washington DC (UPI) Mar 01, 2019

illustration only

Venezuelan Vice President Delcy Rodriguez said Friday the regime in Caracas is moving the European branch of state-run oil company PDVSA to Russia.

Rodriguez said Venezuela President Nicolas Maduro has instructed the office to relocate from Lisbon, Portugal, to Moscow - so it can work closer with Russian companies Rosneft and Gazprom. She made the remarks during a meeting in Moscow with Russian Foreign Minister Sergey Lavrov.

Rodriguez said Maduro's government is also working to recover Venezuelan assets in the United States and Britain.

"You know what is happening with oil assets of Venezuela located in the United States and other countries that show antipathy towards Venezuela, deprive it of assets and financial resources. In particular, we can recall the U.K. government that decided to pocket Venezuelan gold through the Bank of England," she added.

The Bank of England froze $1.6 billion in gold reserves it holds for the Venezuelan regime after opposition leader Juan Guaido asked for protection of Venezuela assets.

The United States said in January sanctions against PDVSA intended to make oil revenues available only to Guaido, who Washington considers Venezuela's interim president.

Lavrov accused the U.S. government of trying to destabilize Venezuela.

"As for U.S. plans to provide weapons to militants to destabilize the situation in Venezuela - frankly speaking, for invading this sovereign country - they certainly cause us concern," he said.

The United States was one of the first nations to recognize Guaido's leadership and has imposed sanctions against Maduro's regime. Washington participated in Group of Lima meetings as an observer, meaning it's not bound by a group accord barring military intervention in Venezuela.

Russia, China, Mexico and Cuba are among the countries that still recognize Maduro as the legitimate president.

Friday, the U.S. Treasury added six more Venezuelan individuals to its sanctions list, which already includes Maduro and top government officials. They block access to any property they may have in the United States.

The six are are Richard Lopez, a major general and key officer helping Maduro control the armed forces; Jesus Mantilla and Alberto Bermudez, generals in charge of blocking aid in the Brazil border; and Jose Norono and Jose Dominguez, both top military in the area bordering Colombia. Cristhiam Morales, who's responsible for a prison escape in Tachira state, was also listed.

Paraguayan President Mario Abdo met Friday with Guaido, Ultima Hora reported, a day after meeting with Brazilian President Jair Bolsonaro. Earlier this week, he attended a Group of Lima meeting in Bogota. He's said he plans to return to Venezuela within days, although he could face potential trouble on his return.

Brazilian Foreign Minister Ernesto Araujo said Friday his country is eyeing the next step to support Guaido, and has offered to "help China and Russia understand what is happening in Venezuela," G1 reported. Guaido was reportedly scheduled to travel to Argentina later Friday after the meeting in Paraguay.


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OIL AND GAS
UK police arrest activists at oil, gas industry meet
London (AFP) Feb 27, 2019
British police arrested nine environmental activists who tried to disrupt an international conference of oil and gas bigwigs in London by gluing themselves to the venue doors on Wednesday. Officers detained the protesters after they targeted the annual International Petroleum (IP) Week gathering of industry executives, being held at the Intercontinental Park Lane Hotel. "Officers attended and discovered a number of people had glued themselves to windows," a spokeswoman for London's Metropolitan ... read more

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