Spain arrests four former Venezuelan officials for U.S. probe

Must Read

Yellowtail could add another 220,000 bpd to Guyana output, 7 floaters on the cards – Hess

Though the Hammerhead well which holds a heavier grade of oil was targeted for the fourth development...

Pompeo discusses leveraging Guyana’s wealth of natural resources with President Ali

Shortly after arriving in Guyana on Thursday, U.S. Secretary of State Michael R. Pompeo met with President Irfaan Ali, during...

Department of Energy remains operational, actively involved in Payara negotiations – Vickram Bharrat

Guyana’s Minister of Natural Resources, Vickram Bharrat, told Members of Parliament on Tuesday that the Department of...
OilNOW
OilNow is an online-based Information and Resource Centre which serves to complement the work of all stakeholders in the oil and gas sector in Guyana.

(Reuters) – Spanish authorities arrested a former Venezuelan deputy minister and three former executives at Venezuelan state companies for alleged links to money laundering and international corruption, Spain’s Civil Guard said on Friday.

The operation was carried out with the U.S. Department of Homeland Security.

“The District Court for South Texas has issued an international detention order for extradition for involvement in criminal acts related to money laundering and international corruption,” the Civil Guard said in a statement.

The statement does not specify the names of those arrested but does include their initials and the position of one of them. It says that person is a former energy vice minister.

Venezuela and its state oil company PDVSA have been involved in several corruption scandals in recent years.

Neither PDVSA nor the Venezuelan government responded immediately to requests for comment.

About 10 people have pleaded guilty as part of a U.S.investigation into a $1 billion bribery plot involving payments to PDVSA officials, which became public with the arrest of two Venezuelan businessmen in 2015.

- Advertisement -

Latest News

Yellowtail could add another 220,000 bpd to Guyana output, 7 floaters on the cards – Hess

Though the Hammerhead well which holds a heavier grade of oil was targeted for the fourth development...

Pompeo discusses leveraging Guyana’s wealth of natural resources with President Ali

Shortly after arriving in Guyana on Thursday, U.S. Secretary of State Michael R. Pompeo met with President Irfaan Ali, during which the two leaders discussed...

Department of Energy remains operational, actively involved in Payara negotiations – Vickram Bharrat

Guyana’s Minister of Natural Resources, Vickram Bharrat, told Members of Parliament on Tuesday that the Department of Energy (DE) remains operational and...

Saudi Arabia denounces OPEC+ members trying to cheat oil quota

(Bloomberg) --Saudi Arabia showed its determination to stop OPEC+ members cheating on their production quotas, delivering a thinly veiled dressing-down to its...

With the 3rd largest oil reserves in the world – Canada stands ready to help new producer Guyana build capacity – High Commissioner

Guyana is being encouraged to harness the decades of experience in the petroleum industry that Canada has to offer, as the South American...

More Articles Like This