One-Third of Fuel in Iraq Diverted in 2008
In 2008 at least one-third of fuel from Iraq’s largest refinery is being diverted to the black market. The proceeds from the sale were being used to support in insurgency against American troops....
View ArticleBolivia Tax Loss From Gas Smuggling
Gas smuggling causes the Bolivian Government to lose $55 Million a year. Source: Andres Schipani, “Smuggling drains Bolivia of oil riches,” BBC News, March 21, 2008.The post Bolivia Tax Loss From Gas...
View ArticleLosses to Iraqi Government from Oil Smuggling in 2008
An Iraqi Parliamentary Committee stated that the country faces $5 Billion in losses to oil smuggling. Source: Sam Dagher, “Basra strike against Shiite militias also about oil,” Christian Science...
View ArticleValue of Fuel Smuggled out of Iraq in 2005
$4 billion worth of gas was smuggled out of Iraq in 2005. Source: Associated Press, ” U.S. Troops Crack Down on Fuel Smuggling.” Yahoo! News, May 9, 2006.The post Value of Fuel Smuggled out of Iraq in...
View ArticleSales of Stolen Oil in Nigeria in 2007
In 2007, up to 100,000 barrels of oil was sold everyday by oil smugglers in Nigeria. (Value of the world black market.) Source: AFP, ” Nigeria military seize 12 oil trucks used for smuggling crude...
View ArticleProfits from Smuggling Ends Up in Hands of Insurgents
40 to 50 percent of the profits from gas smuggling is believed to end up in the hands of insurgents. Source: Robert F. Worth and James Glanz, ” Oil Graft Fuels the Insurgency, Iraq and U.S. Say,” New...
View ArticleProfit From Illegal Oil Smuggling in Iraq in 2007
According to a report in The Guardian, a smuggling organization in Iraq is estimated to make about $5 million a week from smuggling oil. Source: Ghaith Abdul-Ahad, “Oiling the wheels of war: Smuggling...
View ArticleLiters of Illegal Gas Entering Thailand From Malaysia Per Day
Gas smuggling activities bring in 100,000 liters of gas into Thailand every day from Malaysia. Source: Wichayant Boonchote, “Smuggling of fuel from Malaysia on the increase,” Bangkok Post, May 1,...
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