{"id":2414,"date":"2018-01-21T03:00:00","date_gmt":"2018-01-21T03:00:00","guid":{"rendered":"https:\/\/armando.info\/?p=2414"},"modified":"2018-01-21T03:00:00","modified_gmt":"2018-01-21T03:00:00","slug":"new-pdvsa-sought-funding-with-unconventional-allies","status":"publish","type":"post","link":"https:\/\/armando.info\/en\/new-pdvsa-sought-funding-with-unconventional-allies\/","title":{"rendered":"New PDVSA Sought Funding with Unconventional Allies"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">\"Without \r\na stable market and a fair price, oil investments are difficult,\" said President \r\nNicol\u00e1s Maduro in Miraflores, on November 4, 2016. In the televised broadcast, \r\nthe president broke down, as a trophy, the amount of 10 thousand dollars in \r\nprivate investments announced by Pdvsa, aimed at the Plan Soberano Siembra \r\nPetrolera (Oil Sowing Plan), focused on boosting the sharp fall of the state \r\ncompany's production.<\/p>\n\n\r\n\n<p class=\"wp-block-paragraph\">A \r\nbillion of that amount corresponded to Oswaldo Cisneros, the Venezuelan \r\nbusinessman who owns Digitel, who, sitting in front of Maduro, made clear in \r\nthat afternoon his incursion into the oil world. The presidential assignment was \r\nnot minor. Cisneros and his share should contribute to triple oil production \r\nfrom wells in Monagas within 5 years.<\/p>\n\n\r\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\t\t\t\t<figure class=\"wp-block-embed is-type-rich is-provider-embed-handler wp-block-embed-embed-handler wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n\t\t\t\t<iframe loading=\"lazy\" title=\"NOTICIERO BOLIVARIANA TELEVISION Venezuela suscribi\u00f3 acuerdos con empresa de la India\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/E8v2gUUe_NU?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n\t\t\t\t<\/div><\/figure>\n\t\t\t\t\n\t\t\t\t \n\n<p class=\"wp-block-paragraph\">But \r\nCisneros was not alone there. On the path that led him to the partnership of his \r\ncompany Delta Finance with Pdvsa to promote the creation of the Petrodelta joint \r\nventure (of the Orinoco Belt), he was accompanied by Francisco D'Agostino and \r\nAlessandro Bazzoni. The former associated with the scandal of the electrical \r\npurchases of Derwick Associates with the government of Hugo Ch\u00e1vez, and the \r\nlater, an unknown Italian businessman.<\/p>\n\n\r\n\n<p class=\"wp-block-paragraph\">The \r\nsigning of the agreement was a surprise to observers of the oil business due to \r\nthe unexpected incursion of the telecommunications magnate, ignoring the two \r\nother entrepreneurs. The case portrays the avid determination of new players, \r\neven from other areas, to financially assist Pdvsa and, thus, being part of its \r\nbusinesses by taking the places that traditional partners leave in the country, \r\nexhausted from dealing with a declining company and in the midst of a postwar \r\neconomy.&nbsp;<\/p>\n\n<div class=\"kb-gallery-wrap-id-_OuMSmF-cS alignnone wp-block-kadence-advancedgallery\"><div class=\"kb-gallery-ul kb-gallery-non-static kb-gallery-type-slider kb-gallery-id-_OuMSmF-cS kb-gallery-caption-style-below kb-gallery-filter-none kb-gallery-magnific-init\" data-image-filter=\"none\" data-lightbox-caption=\"true\"><div class=\"kt-blocks-carousel splide kt-carousel-container-dotstyle-dark kt-carousel-arrowstyle-whiteondark kt-carousel-dotstyle-dark kb-slider-group-arrow kb-slider-arrow-position-center\" data-slider-anim-speed=\"400\" data-slider-scroll=\"1\" data-slider-arrows=\"true\" data-slider-fade=\"true\" data-slider-dots=\"true\" data-slider-type=\"slider\" data-slider-hover-pause=\"false\" data-slider-auto=\"\" data-slider-speed=\"7000\" data-show-pause-button=\"false\"><div class=\"splide__track\"><ul class=\"kt-blocks-carousel-init kb-blocks-slider splide__list\"><li class=\"kb-slide-item kb-gallery-slide-item splide__slide\"><div class=\"kadence-blocks-gallery-item\"><div class=\"kadence-blocks-gallery-item-inner\"><figure class=\"kb-gallery-figure kb-gallery-item-has-link kadence-blocks-gallery-item-has-caption\"><a href=\"https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-3.jpg\" data-description=\"Francisco D&#039;Agostino es socio de Element, que ha sido excluida como contratista de PDVSA, y siempre ha negado sus v\u00ednculos con el caso Derwick o &quot;bolichicos&quot; a pesar de las denuncias.-\r\nCortes\u00eda p\u00e1gina web D&#039;Agostino.co\" class=\"kb-gallery-item-link\"   role=\"button\" aria-haspopup=\"dialog\"><div class=\"kb-gal-image-radius\"><div class=\"kb-gallery-image-contain kadence-blocks-gallery-intrinsic kb-gallery-image-ratio-inherit kb-has-image-ratio-inherit\" ><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"800\" src=\"https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-3.jpg\"   alt=\"\" data-full-image=\"https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-3.jpg\" data-light-image=\"https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-3.jpg\" data-id=\"52070\" class=\"wp-image-52070 skip-lazy\" srcset=\"https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-3.jpg 800w, https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-3-700x700.jpg 700w, https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-3-768x768.jpg 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/div><\/div><div class=\"kadence-blocks-gallery-item__caption\">Francisco D'Agostino es socio de Element, que ha sido excluida como contratista de PDVSA, y siempre ha negado sus v\u00ednculos con el caso Derwick o \"bolichicos\" a pesar de las denuncias.-\r\nCortes\u00eda p\u00e1gina web D'Agostino.co<\/div><\/a><\/figure><\/div><\/div><\/li><li class=\"kb-slide-item kb-gallery-slide-item splide__slide\"><div class=\"kadence-blocks-gallery-item\"><div class=\"kadence-blocks-gallery-item-inner\"><figure class=\"kb-gallery-figure kb-gallery-item-has-link kadence-blocks-gallery-item-has-caption\"><a href=\"https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-6.jpg\" data-description=\"Alessandro Bazzoni es due\u00f1o de varias empresas dedicadas al financiamiento de compra y venta de petr\u00f3leo, y un aficionado al polo.- Cortes\u00eda: 7Chukkerpolo.com\" class=\"kb-gallery-item-link\"   role=\"button\" aria-haspopup=\"dialog\"><div class=\"kb-gal-image-radius\"><div class=\"kb-gallery-image-contain kadence-blocks-gallery-intrinsic kb-gallery-image-ratio-inherit kb-has-image-ratio-inherit\" ><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"400\" src=\"https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-6.jpg\"   alt=\"\" data-full-image=\"https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-6.jpg\" data-light-image=\"https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-6.jpg\" data-id=\"52071\" class=\"wp-image-52071 skip-lazy\"\/><\/div><\/div><div class=\"kadence-blocks-gallery-item__caption\">Alessandro Bazzoni es due\u00f1o de varias empresas dedicadas al financiamiento de compra y venta de petr\u00f3leo, y un aficionado al polo.- Cortes\u00eda: 7Chukkerpolo.com<\/div><\/a><\/figure><\/div><\/div><\/li><li class=\"kb-slide-item kb-gallery-slide-item splide__slide\"><div class=\"kadence-blocks-gallery-item\"><div class=\"kadence-blocks-gallery-item-inner\"><figure class=\"kb-gallery-figure kb-gallery-item-has-link kadence-blocks-gallery-item-has-caption\"><a href=\"https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-2.jpg\" data-description=\"El 4 de noviembre de 2016 Oswald Cisneros firm\u00f3 en Miraflores un acuerdo para invertir 1.100 millones de d\u00f3lares en la compa\u00f1\u00eda mixta Petrodelta, en la Faja Petrolera del Orinoco.-\r\nCr\u00e9dito: Cortes\u00eda Notifalc\u00f3n\" class=\"kb-gallery-item-link\"   role=\"button\" aria-haspopup=\"dialog\"><div class=\"kb-gal-image-radius\"><div class=\"kb-gallery-image-contain kadence-blocks-gallery-intrinsic kb-gallery-image-ratio-inherit kb-has-image-ratio-inherit\" ><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"800\" src=\"https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-2.jpg\"   alt=\"\" data-full-image=\"https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-2.jpg\" data-light-image=\"https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-2.jpg\" data-id=\"52072\" class=\"wp-image-52072 skip-lazy\" srcset=\"https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-2.jpg 800w, https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-2-700x700.jpg 700w, https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-2-768x768.jpg 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/div><\/div><div class=\"kadence-blocks-gallery-item__caption\">El 4 de noviembre de 2016 Oswald Cisneros firm\u00f3 en Miraflores un acuerdo para invertir 1.100 millones de d\u00f3lares en la compa\u00f1\u00eda mixta Petrodelta, en la Faja Petrolera del Orinoco.-\r\nCr\u00e9dito: Cortes\u00eda Notifalc\u00f3n<\/div><\/a><\/figure><\/div><\/div><\/li><li class=\"kb-slide-item kb-gallery-slide-item splide__slide\"><div class=\"kadence-blocks-gallery-item\"><div class=\"kadence-blocks-gallery-item-inner\"><figure class=\"kb-gallery-figure kb-gallery-item-has-link kadence-blocks-gallery-item-has-caption\"><a href=\"https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-5.jpg\" data-description=\"Digitel- Cr\u00e9dito: www.paseoelhatillo.com\" class=\"kb-gallery-item-link\"   role=\"button\" aria-haspopup=\"dialog\"><div class=\"kb-gal-image-radius\"><div class=\"kb-gallery-image-contain kadence-blocks-gallery-intrinsic kb-gallery-image-ratio-inherit kb-has-image-ratio-inherit\" ><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"800\" src=\"https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-5.jpg\"   alt=\"\" data-full-image=\"https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-5.jpg\" data-light-image=\"https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-5.jpg\" data-id=\"52073\" class=\"wp-image-52073 skip-lazy\" srcset=\"https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-5.jpg 1200w, https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-5-700x467.jpg 700w, https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-5-768x512.jpg 768w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/div><\/div><div class=\"kadence-blocks-gallery-item__caption\">Digitel- Cr\u00e9dito: www.paseoelhatillo.com<\/div><\/a><\/figure><\/div><\/div><\/li><li class=\"kb-slide-item kb-gallery-slide-item splide__slide\"><div class=\"kadence-blocks-gallery-item\"><div class=\"kadence-blocks-gallery-item-inner\"><figure class=\"kb-gallery-figure kb-gallery-item-has-link kadence-blocks-gallery-item-has-caption\"><a href=\"https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-4.jpg\" data-description=\"BOD-Banco Occidental de Descuento.- Cr\u00e9dito: Facebook BOD\" class=\"kb-gallery-item-link\"   role=\"button\" aria-haspopup=\"dialog\"><div class=\"kb-gal-image-radius\"><div class=\"kb-gallery-image-contain kadence-blocks-gallery-intrinsic kb-gallery-image-ratio-inherit kb-has-image-ratio-inherit\" ><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"800\" src=\"https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-4.jpg\"   alt=\"\" data-full-image=\"https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-4.jpg\" data-light-image=\"https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-4.jpg\" data-id=\"52074\" class=\"wp-image-52074 skip-lazy\" srcset=\"https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-4.jpg 800w, https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-4-700x700.jpg 700w, https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-4-768x768.jpg 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/div><\/div><div class=\"kadence-blocks-gallery-item__caption\">BOD-Banco Occidental de Descuento.- Cr\u00e9dito: Facebook BOD<\/div><\/a><\/figure><\/div><\/div><\/li><\/ul><\/div><\/div><\/div><\/div>\n\n<p class=\"wp-block-paragraph\">Neither \r\nD'Agostino nor Bazzoni have historical records of professional services in the \r\nVenezuelan oil industry. However, their personal information appear in company \r\nrecords in Barbados and Malta, according to documents obtained in a leak from \r\nlaw firm Appleby reported by the German newspaper S\u00fcddeutsche Zeitung and shared \r\nby the International Consortium of Investigative Journalism, better known as \r\nParadise Papers.<\/p>\n\n\r\n\n<p class=\"wp-block-paragraph\">Asked \r\nabout his oil investments, D'Agostino, who is a member of Daycohost and a member \r\nof the board of directors of Banco Occidental de Descuento, as well as the \r\nbrother-in-law of opposition politician Henry Ramos Allup, claimed that his oil \r\nbusiness, Element Capital, was excluded from the PDVSA contracting system and, \r\ntherefore, does not maintain business with the state \r\ncompany.&nbsp;<\/p>\n\n<div class=\"kb-gallery-wrap-id-_cHOkxi-XR alignnone wp-block-kadence-advancedgallery\"><div class=\"kb-gallery-ul kb-gallery-non-static kb-gallery-type-slider kb-gallery-id-_cHOkxi-XR kb-gallery-caption-style-below kb-gallery-filter-none kb-gallery-magnific-init\" data-image-filter=\"none\" data-lightbox-caption=\"true\"><div class=\"kt-blocks-carousel splide kt-carousel-container-dotstyle-dark kt-carousel-arrowstyle-whiteondark kt-carousel-dotstyle-dark kb-slider-group-arrow kb-slider-arrow-position-center\" data-slider-anim-speed=\"400\" data-slider-scroll=\"1\" data-slider-arrows=\"true\" data-slider-fade=\"true\" data-slider-dots=\"true\" data-slider-type=\"slider\" data-slider-hover-pause=\"false\" data-slider-auto=\"\" data-slider-speed=\"7000\" data-show-pause-button=\"false\"><div class=\"splide__track\"><ul class=\"kt-blocks-carousel-init kb-blocks-slider splide__list\"><li class=\"kb-slide-item kb-gallery-slide-item splide__slide\"><div class=\"kadence-blocks-gallery-item\"><div class=\"kadence-blocks-gallery-item-inner\"><figure class=\"kb-gallery-figure kb-gallery-item-has-link kadence-blocks-gallery-item-has-caption\"><a href=\"https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-9.jpg\" data-description=\"Diana D&#039;Agostino\" class=\"kb-gallery-item-link\"   role=\"button\" aria-haspopup=\"dialog\"><div class=\"kb-gal-image-radius\"><div class=\"kb-gallery-image-contain kadence-blocks-gallery-intrinsic kb-gallery-image-ratio-inherit kb-has-image-ratio-inherit\" ><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"800\" src=\"https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-9.jpg\"   alt=\"\" data-full-image=\"https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-9.jpg\" data-light-image=\"https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-9.jpg\" data-id=\"52075\" class=\"wp-image-52075 skip-lazy\" srcset=\"https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-9.jpg 800w, https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-9-700x700.jpg 700w, https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-9-768x768.jpg 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/div><\/div><div class=\"kadence-blocks-gallery-item__caption\">Diana D'Agostino<\/div><\/a><\/figure><\/div><\/div><\/li><li class=\"kb-slide-item kb-gallery-slide-item splide__slide\"><div class=\"kadence-blocks-gallery-item\"><div class=\"kadence-blocks-gallery-item-inner\"><figure class=\"kb-gallery-figure kb-gallery-item-has-link kadence-blocks-gallery-item-has-caption\"><a href=\"https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-7.jpg\" data-description=\"Diana D&#039;Agostino y Ramos Allup- Cr\u00e9dito: www.albaciudad.org\" class=\"kb-gallery-item-link\"   role=\"button\" aria-haspopup=\"dialog\"><div class=\"kb-gal-image-radius\"><div class=\"kb-gallery-image-contain kadence-blocks-gallery-intrinsic kb-gallery-image-ratio-inherit kb-has-image-ratio-inherit\" ><img loading=\"lazy\" decoding=\"async\" width=\"746\" height=\"533\" src=\"https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-7.jpg\"   alt=\"\" data-full-image=\"https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-7.jpg\" data-light-image=\"https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-7.jpg\" data-id=\"52076\" class=\"wp-image-52076 skip-lazy\" srcset=\"https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-7.jpg 746w, https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-7-700x500.jpg 700w\" sizes=\"auto, (max-width: 746px) 100vw, 746px\" \/><\/div><\/div><div class=\"kadence-blocks-gallery-item__caption\">Diana D'Agostino y Ramos Allup- Cr\u00e9dito: www.albaciudad.org<\/div><\/a><\/figure><\/div><\/div><\/li><\/ul><\/div><\/div><\/div><\/div>\n\n<p class=\"wp-block-paragraph\">Bazzoni \r\nconfirmed that he is a minority partner of Petrodelta and adviser to company \r\nElemento LTD, which \"could only market four PDVSA vessels from February to April \r\n2017\". He added that his current relationship with D'Agostino is a social \r\nrelationship only. Both denied having business with Derwick Associates, accused \r\nin multiple investigative journalism works for having defrauded the Venezuelan \r\nState with the sale of power plants with surcharge.<BR \r\nstyle=\"mso-special-character: line-break\"><\/p>\n\n\n<h2 class=\"wp-block-heading\">Broken Mirror<\/h2>\n\n\n<p class=\"wp-block-paragraph\">It \r\nis the area of capital consolidation for oil businesses where Bazzoni and \r\nD'Agostino are obvious. In 2015, one year before the announcement in Miraflores, \r\nCisneros, D'Agostino and Bazzoni were already in the belt as part of Petrodelta, \r\nas directors of Harvest (PDVSA\u2019s original partner in the joint venture), of \r\nwhich they had bought a part and for which they designed a financing plan with \r\nthe aim of repositioning the Argentine company in \r\nVenezuela.<\/p>\n\n\r\n\n<p class=\"wp-block-paragraph\">This \r\nparticipation in the business had its cost. It entailed that company CT Energy \r\nHolding, controlled at that time by the three partners, according to documents \r\nof the Security Exchange Commission (SEC), bought financial notes to Harvest for \r\nabout 60 million dollars. Then, the total transfer of Harvest (which already \r\nwanted to leave the country) was materialized by the Venezuelans who then became \r\ndirect partners of PDVSA.&nbsp;<\/p>\n\n\r\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\t\t\t\t<figure class=\"wp-block-embed is-type-rich is-provider-embed-handler wp-block-embed-embed-handler wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n\t\t\t\t<iframe loading=\"lazy\" title=\"Pololine TV - Alessandro Bazzoni (Eng)\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/TOhDjK06PWw?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n\t\t\t\t<\/div><\/figure>\n\t\t\t\t\n\t\t\t\t \n\n<p class=\"wp-block-paragraph\">On \r\nPDVSA\u2019s side, the path was paved. Harvest had years trying to get rid of his \r\nsociety with the state company, which blocked its attempts demanding more \r\ncapitalization. \"Harvest is an example of a partner that does not have the \r\ncapacity (financially speaking) to invest in the oil business. They only want \r\nthe dividend, not to invest,\" Eulogio Del Pino, then president of PDVSA, told to \r\nReuters.<\/p>\n\n\r\n\n<p class=\"wp-block-paragraph\">When \r\nCT Energy arrived, PDVSA -eager for fresh money- unblocked the path for the \r\ncompany. The businessman of Italian origin tried for several years to enter the \r\noil business in Venezuela and Harvest's eagerness to leave the country was his \r\nopportunity. But Bazzoni raised suspicions among PDVSA officials due to his \r\nunknown career, according to a former employee of the state oil company. Also, \r\nhe did not get the financing, until he associated with Cisneros, said the \r\nsource.&nbsp;<\/p>\n\n<BR \r\nstyle=\"mso-special-character: line-break\"><BR \r\nstyle=\"mso-special-character: line-break\">\n<h2 class=\"wp-block-heading\">From Barbados to New York<\/h2>\n\n\n<p class=\"wp-block-paragraph\">Documents \r\nfrom the Barbados company register reveal a series of offshore companies with \r\nnames similar to CT Energy Holding, which finally formed with PDVSA the \r\nPetrodelta joint venture. Bazzoni and D'Agostino participate in all the \r\ncompanies as shareholders, directors or company controllers. In many cases, only \r\nthe \"last name\" of the company changes: CT Energ\u00eda Holding, CT Derivatives \r\nCorporation and CT Energ\u00eda Oil and Gas LTD. Some, like CT Energy Holding SRL, \r\nhave headquarters in Las Mercedes, in the Daycohost building, the company owned \r\nby the D'Agostino family.<\/p>\n\n\r\n\n<p class=\"wp-block-paragraph\">Others \r\nare in Malta and Barbados. England is another location for two joint ventures, \r\nElemento Solutions Limited and Elemento Services Limited. The records indicate \r\nthat the nature of the companies is the purchase and sale of oil. Cisneros does \r\nnot appear in them but the partnership of D`Agostino and Bazzoni in CT Energy \r\nHolding sealed the financial agreement with Harvest in June 2015 and it entered \r\nas a member of PDVSA in Petrodelta in November 2016.&nbsp;<\/p>\n\n\n<figure class=\"wp-block-image size-medium\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"800\" src=\"https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-8.jpg\" alt=\"\" class=\"wp-image-52077\" srcset=\"https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-8.jpg 800w, https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-8-700x700.jpg 700w, https:\/\/armando.info\/wp-content\/uploads\/2020\/12\/21012018-8-768x768.jpg 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><figcaption>Daycohost- Cr\u00e9dito: www.daycohost.com<\/figcaption><\/figure>\n\n\n<p class=\"wp-block-paragraph\">In \r\nthe meantime, several of Bazzoni's previous partners in oil financing businesses \r\n(Centauro, Chemoil, Saltpond and Imperial Energy Ventures) opened consultations \r\nin anti-fraud courts in Texas and New York, targeting Italian offshore companies \r\ndue to diversion of funds, breach of contract and failure to comply with of \r\njurisdiction agreements. One of them requires compensation for damages of up to \r\n21 million dollars.<\/p>\n\n\r\n\n<p class=\"wp-block-paragraph\">From \r\nBarbados, the fall of Bazzoni reached New York. On the Caribbean island, the \r\nentrepreneur had incorporated a company called Cinque Terre Financial Group, and \r\na judge ordered liquidation thereof &nbsp;in April 2016 for insolvency and debts. \r\nHowever, the liquidator of Barbados noted that although the liquidation process \r\nhad begun, Bazzoni opened subsidiaries of the Cinque Terre (peculiarly with the \r\nname of CT Energ\u00eda LTD), both on that island and in Malta.<\/p>\n\n\r\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\r\n\n<p class=\"wp-block-paragraph\">For \r\nthe moment, almost nothing is known about the productivity of the alliance \r\nbetween PDVSA and these partners. More than a year after sealing their \r\ncommitment to boost production, it is a mystery if these unconventional allies \r\nwho formed Petrodelta contributed to the Oil Sowing Plan.<\/p>\n\n\r\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n<div class=\"wps-pgfw-pdf-generate-icon__wrapper-frontend pgfw-icon-display pgfw-icon-display--default\" style=\"--pgfw-icon-justify:center;\"><a href=\"https:\/\/armando.info\/en\/wp-json\/wp\/v2\/posts\/2414\/?action=genpdf&#038;id=2414\" class=\"pgfw-single-pdf-download-button pgfw-single-pdf-download-button--default pgfw-single-pdf-download-button--icon-only\" title=\"Generate PDF\" style=\"--pgfw-icon-width:25px;--pgfw-icon-height:45px;\" aria-label=\"Download PDF\"><span class=\"pgfw-single-pdf-download-button__media\" aria-hidden=\"true\"><img src=\"https:\/\/armando.info\/wp-content\/plugins\/pdf-generator-for-wp\/admin\/src\/images\/PDF_Tray.svg\" alt=\"\" decoding=\"async\"><\/span><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>As if they were pieces of a broken mirror scattered in many islands around the world, several offshore companies form an oil-trading business network that reveals the trajectory of Alessandro Bazzoni and Francisco D'Agostino. Both of them, together with the Venezuelan telecommunications magnate Oswaldo Cisneros, landed in 2016 in the Orinoco Belt to fill the vacancy of the original partner, Harvest Natural Resources.<\/p>\n","protected":false},"author":81,"featured_media":52078,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"give_campaign_id":0,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","ghostkit_customizer_options":"","ghostkit_custom_css":"","ghostkit_custom_js_head":"","ghostkit_custom_js_foot":"","ghostkit_typography":"","_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[2387,2210],"tags":[609,539,168],"pais":[4216],"serie":[],"localizacion":[4227],"ppma_author":[2230],"class_list":["post-2414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-internacionales","category-investigacion","tag-los-creadores-de-paradise-papers","tag-offshore","tag-pdvsa","pais-venezuela-en"],"acf":{"reportage-top-html":""},"views":5137,"taxonomy_info":{"category":[{"value":2387,"label":"Internacionales"},{"value":2210,"label":"Investigacion"}],"post_tag":[{"value":609,"label":"los 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