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Internal documents from PDVSA's SAP system seen by this site corroborate that Proton Sociedad Limitada and Schlager Business Group, the subsidiary of Libre Abordo, are used interchangeably by Alex Saab in crude lifting operations in Venezuela. The system also shows Libre Abordo and other shells controlled by Saab are under prepayment terms. It is not the first time PDVSA imposes such terms on its trading operations.
Further to yesterday's report regarding Libre Abordo, its "bankruptcy" and Venezuela's announcement to take its case to the Intternational Criminal Court (ICC), this site can confirm that far from being out of business, Libre Abordo and Alex Saab continue to do deals with PDVSA and the Maduro regime through Proton Sociedad Limitada.
A couple days ago Reuters "reported" that Libre Abordo, the dodgy Mexican shell w/out a track record to speak of that entered into a "humanitarian food-for-oil agreement" with Venezuela's CORPOVEX, was "bankrupt." Till end of April, Libre Abordo and its subsidiary Schlager Business Group had lifted over 26MB of PDVSA crude in a period of about six months.
UPDATED 22:19 | The Chinese virus must be affecting Reuters' editorial desks in Brazil and Mexico.
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