& Tobago


Very usefull links


News links




Dow Jones

Oil price



Views and News





U.S. court agree to a private gasoline sale suspected to be for Venezuela

Jon Elswick /AP

U.S. court approves private sale of gasoline suspected to be for Venezuela

By Luc Cohen/Reuters

Petroleumworld 07 13 2020

A U.S. court has approved a private sale of 100,000 barrels of gasoline that a shipping company suspected was destined for fuel-starved Venezuela, after an auction last week received no bids, filings showed late on Thursday.

Marshall Islands-based Brujo Finance Company feared the South American country was the destination of a cargo its Alkimos tanker shipped from Panama to Aruba in April on behalf of Wilmer Ruperti, a Venezuelan magnate who is close to the socialist government in Caracas, which is under U.S. sanctions.

After a July 1 court-ordered auction for the cargo at a minimum $2.5 million price received no bids, the U.S. District Court for the Southern District of Texas approved a sale Brujo arranged with Quanah Petroleum Consulting LLC for $2.73 million.

Quanah plans to ship the cargo, which has been anchored off the U.S. Gulf Coast, to Panama.

Little is known about Quanah, which according to its website is based in the Caribbean nation of St. Kitts & Nevis.

Quanah did not immediately respond to requests for comment. Brujo's lawyers declined to comment beyond court filings.

A trader who did not bid in the auction, Matthew Goitia of Houston-based Peaker Energy, objected to the private sale, noting he had offered to pay a higher amount, $2.8 million, in a private sale.

“The fact pattern here does not add up,” Goitia wrote the judge.

In response, Brujo said in court documents that Goitia's bid was contingent on Brujo delivering the cargo to Lake Charles, Louisiana, while Quanah's offer was unconditional. Brujo said shipment to Louisiana would have raised concerns about violation of the Jones Act, which restricts cargo transport between U.S. ports to U.S.-owned ships.

Goitia told Reuters that since Brujo agreed to deliver the cargo to Panama, “my request should have been granted as well.”

Reporting by Luc Cohen in New York; Editing by Cynthia Osterman
de Reuters.
07 10 2020



Editor & Publisher:Elio Ohep /
Contact Email:

CopyRight © 1999-2020, Elio Ohep A. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2020, Petroleumworld ™  / Elio Ohep - All rights


Petroleumworld no se hace responsable por los juicios de valor emitidos por esta publicacion, por sus colaboradores y columnistas de opinión y análisis. Aceptamos colaboraciones previa evaluación por nuestro equipo editorial, estamos abiertos a todo tipo o corriente de opiniones, siempre y cuando a nuestro juicio esten dentro de valores éticos y morales razonables. Petroleumworld alienta a las personas a reproducir, reimprimir, y divulgar a través de los medios audiovisuales e Internet, los comentarios editoriales y de opinión de Petroleumworld, siempre y cuando esa reproducción identifique a la fuente original, y se haga dentro de el uso normal (fair use) de la doctrina de la sección 107 de la Ley de derechos de autor de los Estados Unidos de Norteamérica (US Copyright)Internet Web links hacia son apreciadas.


This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.