Venezuelan navy has seized three vessels suspected of being involved in smuggling of diesel from the country’s Paraguana peninsula, Reuters reports. Oil taker Negra Hipolita, owned by Petróleos de Venezuela, S.A., the Venezuelan state-owned oil and natural gas company, was found to be loaded with an excess load of 50,000 barrels of diesel fuel at the Cardon refinery, Admiral Andres […]
MARK HAY Aug 24 2016, 10:44am Take a deeper look into the “kamikaze” gas smuggling trade investigated on last night’s episode of Black Market: Dispatches Last night, Black Market: Dispatches explored the contours of the massive illicit gas smuggling network running from Venezuela to Colombia. Attempts to measure the scale of this trade are mostly educated guesswork, […]
By Milton Stuards, September 15, 2015 This week, Venezuela’s navy managed to detain three vessels that had become suspected of smuggling subsidized fuel from the country’s Paraguana refinery-filled peninsula, as reported by a local commander on Saturday. On Monday, several sources reported that authorities have arrested seven people in relation to an alleged attempt of smuggling diesel in a tanker that is property […]
Monday, 11/08/2014 Quito, Aug 10 (Andes).- Venezuela will close its border with Colombia in the evenings starting next Monday, in order to combat smuggling which is costing the country millions. Venezuela has the world’s cheapest gasoline and good control of food and commodity prices. The “scheduled closure of the border with Colombia” will be between 22h00 […]
By EWAN ROBERTSON Mérida, 20th July 2012 (Venezuelanalysis.com) – The Venezuelan government has reiterated its commitment to implement the electronic tagging of cars to combat contraband in fuel sales, despite an opposition campaign against the initiative. The initiative, known as the Fuel Automation Plan, involves installing an electronic chip on vehicles to record how much fuel they […]
By TAMARA PEARSON Merida, 15th October 2013 (Venezuelanalysis.com) – As part of a clamp down on trafficking of Venezuela’s regulated and subsidised fuel, authorities have confiscated 1 million litres of fuel being smuggled across the border to Colombia and dismantled a mafia gang in Bolivar state which smuggled up to 250,000 litres per week, most likely to […]
Published on May 16, 2013 Gasoline smuggling is big business in Venezuela, where the price of petrol is literally cheaper than water. A highly organized and extensive ring of gas smugglers have capitalized on Venezuela’s state-subsidized gas prices, illegally ferrying thousands of gallons across the border to Colombia each day where it is sold at […]
BY JIM WYSS [email protected] AUGUST 11, 2016 8:29 PM BOGOTÁ, COLOMBIA Venezuela and Colombia agreed to open their 1,274-mile common border to foot-traffic starting Saturday in what both sides described as the first stage in restoring full commercial ties. Venezuelan President Nicolás Maduro and Colombian President Juan Manuel Santos met in the Venezuelan town of […]
Written by Elyssa Pachico Tuesday, 10 May 2011 Oil and gas theft in Latin America is a low-risk, high-profit enterprise for gangs looking to diversify their criminal portfolios. But as organized crime increasingly intersects with the energy trade, it’s not clear how much law enforcement can do to resist the power of market forces. Mexico, Colombia, Venezuela and Bolivia are among the […]
Airlines are continuing to pull out of Venezuela, and this time it’s not just about trapped cash but a whole series of grievances including staff held up at gunpoint, luggage theft, poor runway maintenance and low quality jet fuel. United Airlines, Avianca and Delta Air Lines have either stopped flying to Venezuela or said they […]