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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 Em...

UAE emerges as hot bed for companies aiding Venezuela to sidestep U.S. oil sanctions 30 Dec 2020 The United Arab Emirates, a close ally of the United States, has emerged to be a hub for companies trying to help Venezuela circumvent American sanctions, reports Reuters. In June, the United States placed sanctions on some oil tankers managed by shipping firms in an effort to intensify its attempts at cutting off Venezuela’s oil trade in hopes of toppling its socialist President, Nicolas Maduro. Within a matter of weeks, some little-known companies based in the UAE reportedly took over manag...

Maritime Activity Reports, Inc. December 29, 2020 © Pak Agen / MarineTraffic.com 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 took over 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 id...

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 t...

Published Tuesday, December 29, 2020 7:19AM EST NEW YORK, Dec 29 (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. 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. The company, Muhit Maritime FZE, is one of three UAE-based entities identifi...