All Africa on 24th April carried an article claiming that every year, an estimated $133 billion of fuels are illegally stolen, adulterated, or defrauded from legitimate petroleum companies.  Roughly 30% of Nigeria’s refined fuel products are smuggled into neighboring states and pipeline fuel theft in Mexico is at record levels.  It also reports that the Philippines loses $750 million annually in tax revenue from fuel adulteration and smuggling and that the value of the illegal fuel trade in SE Asia ranges from $2 to $10 billion a year.  Research is said to shows connections between oil theft and drug cartels in Mexico; insurgents and human traffickers in Thailand; human smugglers in Libya; terrorists in Ireland; militant groups in Nigeria; rebel movements in Mozambique, and ISIS.

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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