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Hearing on govt's bid to stop PetroSaudi from using funds linked to 1MDB postponed to Nov 23

KUALA LUMPUR: The hearing of the government’s application to block PetroSaudi International Ltd (PSI), its subsidiary PetroSaudi Oil Services (Venezuela) Limited (PSOS-VZ) and Saudi national Tarek Obaid, from using over US$340mil (RM1.55bil) linked to 1Malaysia Development Berhad (1MDB) which was kept in a client’s account at a United Kingdom law firm, has been postponed to Nov 23. ....

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'PSOS-VZ oil project not possible without $185m transfer from 1MDB' | Daily Express Online

The High Court here Tuesday was told that it was not possible for Petrosaudi Oil Services (Venezuela) Limited (PSOS-VZ) to pursue an oil exploration project with the Venezuelan government without the transfer authorisation of US$185 million from 1Malaysia Development Berhad (1MDB) funds by its parent company, Petrosaudi International Ltd (PSI) ....

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Petrosaudi project in Venezuela impossible without 1MDB funds, court hears

KUALA LUMPUR: The High Court here was told that it was not possible for Petrosaudi Oil Services (Venezuela) Limited (PSOS-VZ) to pursue an oil exploration project with the Venezuelan government without the transfer authorisation of US$185mil from 1Malaysia Development Berhad (1MDB) funds by its parent company, Petrosaudi International Ltd (PSI). ....

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US$185m 1MDB funds laundered on oil venture in Venezuela

Venture is between an entity linked to Petrosaudi International and Venezuelan govt. ....

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Petrosaudi Oil Services oil exploration project not possible without US$185m transfer from 1MDB funds, High Court told

KUALA LUMPUR, Sept 20 The High Court here today was told that it was not possible for Petrosaudi Oil Services (Venezuela) Limited (PSOS-VZ) to pursue an oil exploration project. ....

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