Sentence examples for oil swap from inspiring English sources

According to Tabbah, Eronat first spoke to him about a "ten-year, multibillion-dollar oil swap involving Kazakhstan, Iran, and Mobil".

For nearly a year the oil swap with Iran has been the subject of a previously reported investigation by a federal grand jury in the District of Columbia.

Law enforcement officials said federal authorities were also examining whether Mr. Giffen violated the United States trade embargo against Iran, through his role as an adviser to the Kazakhstan government over an oil swap between the two countries.

Mobil and other defendants denied the allegations and successfully moved to suppress all of Tabbah's affidavits and supporting documentation…Mobil conducted an investigation into its own actions and its potential liabilities, which found that senior Mobile executive Bryan Williams "may have facilitated the planned Iranian oil swap".

Hersh's article also covered Mobil's dealings in Russia and other former Soviet states, and reported on accusations of Mobil's involvement in an oil swap between Kazakhstan and Iran — a role that would have been illegal for an American company at the time because of sanctions against Iran.

As Hersh writes, significant sums of money from the 1996 deal and the later oil swap went missing or were redirected: In 1999, Swiss banking officials discovered that about eighty-five million dollars that was destined for a Kazakhstan government account had been shifted to what seemed to be a personal account belonging to President Nazarbayev.

Oil swaps involve trading quantities of crude oil in different locations to lower transportation costs.

NEITI unearths loopholes, like the $966m£670m0m) lost to crude oil swaps recently, but no legislative teeth have been added by the government to hold corrupt people accountable.

Mr. Sprecher estimates that the ICE now handles about a tenth of all over-the-counter swaps involving natural gas and electricity, but does no business in crude oil swaps, which still trade privately by telephone.

Quoting from reports prepared during the inquiry, which was assisted by the Washington law firm of Patton Boggs, the article also reported that findings about Mobil's possible involvement in oil swaps with Iran were not reported to the Securities and Exchange Commission prior to the Exxon Mobil merger.

The White House warned that the Russian decision on the missile system could raise concern about the sanctions system, as could the goods-for-oil swaps.