OFAC Sanctions Companies, Ships for Transporting Venezuelan oil

The Treasury’s Office of Foreign Assets Control sanctioned four companies and nine ships associated with transporting oil to and from Venezuela in another effort to isolate the Nicolas Maduro regime, OFAC said in an April 12 notice. OFAC said the companies used the oil tankers to deliver oil from Venezuela to Cuba between January and March. Six of the ships were linked to PB Tankers S.P.A., based in Italy. One each was linked to Liberia-based companies Jennifer Navigation Limited, Large Range Limited and Lima Shipping Corporation. The notice includes the maritime identification numbers and names of the ships owned by PB Tankers: Silver Point, Alba Marina, Gold Point, Ice Point, Indian Point and Iron Point. In a statement, Treasury Secretary Steven Mnuchin said OFAC will continue to target companies that transport Venezuelan oil to Cuba, as they “are profiting while the Maduro regime pillages natural resources.”