Venezuela supreme court approves extradition request to Italy for ex-oil czar

Must Read

South America’s emerging deepwater oil giants pledge strategic alliance

Following discussions over the last 24-hours between the newly elected Presidents of Guyana and Suriname, the two leaders announced...

Stena Carron set to arrive at Tanager-1 today as search for more oil in Guyana continues

The hunt for more hydrocarbons continues offshore Guyana, this time outside of the prolific Stabroek Block, as ExxonMobil prepares...

Liza and Kwaskwasi are giants in the prolific Guyana-Suriname basin

The Guyana-Suriname basin has been the subject of much discussion since US oil major ExxonMobil made its world class...
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) – Venezuela’s supreme court said on Friday it had approved a request to Italy for the extradition of Rafael Ramirez, a once powerful oil minister and former head of state oil company Petroleos de Venezuela, on corruption charges.

Authorities opened a probe into Ramirez over alleged graft in late 2017 and sought an Interpol red alert for him in early 2018, shortly after he left his later post as Venezuela’s United Nations ambassador and began publicly criticizing President Nicolas Maduro’s handling of the economy, which remains in freefall.

Ramirez did not immediately respond to a request for comment. He has previously denied the corruption allegations, stating that the government was seeking to silence a critical voice.

In a Facebook post the court, formally called the Supreme Tribunal of Justice, said Ramirez faced criminal charges including embezzlement and bid rigging for oil contracts.

Ramirez’ whereabouts have been unknown since he left his post at the United Nations.

He also faces a U.S. lawsuit from Harvest Natural Resources, an oil company which alleges Ramirez and others sought a $10 million bribe to approve the sale of its oil operations in Venezuela to a buyer it had lined up.

A federal judge in Texas tossed a $1.4 billion default judgment against him in the case, ruling he was not properly notified of the lawsuit, but allowed the case to proceed. Ramirez’ attorney has said Harvest’s case contains legal and factual errors.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

South America’s emerging deepwater oil giants pledge strategic alliance

Following discussions over the last 24-hours between the newly elected Presidents of Guyana and Suriname, the two leaders announced...

Liza and Kwaskwasi are giants in the prolific Guyana-Suriname basin

The Guyana-Suriname basin has been the subject of much discussion since US oil major ExxonMobil made its world class Liza discovery in 2015 at...

Stena Carron set to arrive at Tanager-1 today as search for more oil in Guyana continues

The hunt for more hydrocarbons continues offshore Guyana, this time outside of the prolific Stabroek Block, as ExxonMobil prepares to conduct a new drill...

Principles for natural gas agreement with the Government of Guyana

The Guyanese government under the contract is likely to have its own share of profit hydrocarbons to lift, including natural gas. A state-owned oil...

Oil giants’ production cuts come to 1 million bpd as they post massive write-downs

(Reuters) - The world’s five largest oil companies collectively cut the value of their assets by nearly $50 billion in the second quarter, and...

More Articles Like This