BUENOS AIRES — Venezuela recently shipped fuel to a Syrian firm under U.S. government sanctions, in moves that could open the South American nation to punitive U.S. measures, according to energy experts.
The U.S. Treasury Department placed Sytrol on a sanctions blacklist last summer, along with the Syrian Petroleum Corp. and the Syrian Company for Oil Transport (SCOT), which operates major oil export terminals.
Although shipping oil to Syria for humanitarian reasons is not subject to sanctions, the Venezuelan oil company would have dealt with the blacklisted firms, experts said.
“There might be intermediaries involved in the shipments, but the Syrian state had to have received them,” said Pedro Burelli, a former member of the board of directors of the state firm, known by its Spanish initials PDVSA.
“There is simply nobody on the private side who has logistics to do so.”
A shipping consultant who asked not to be identified because he does business with PDVSA agreed.
“It’s possible they could have put some company in business to receive these shipments, but Im sure it ended up with Sytrol and that’s how it got put into the system.”
Oil minister admits shipments
Venezuelan Oil Minister Rafael Ramirez has confirmed media reports that PDVSA sent two shipments of fuel to Damascus after Western sanctions were imposed on the Syrian regime, which is accused of killing thousands of protesters against the government.
One cargo of diesel fuel with an estimated value of $50 million left Venezuela in February on the tanker Negra Hipolita. It was bound for the Syrian port of Banias. An earlier shipment was sent in November.View Entire Story
By Douglas Holtz-Eakin
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