Losses to Oil Theft in Indonesian in First Half of 2013

Security officers with oil company Pertamina in Indonesia state that up to $22 Million (250 Billion Indonesian Rupiah) was lost to oil theft between January 1 to July 23, 2013.

In 2012, the company lost $52 Million to oil theft.

An international report on oil theft and smuggling reported that the Petamina pipeline in South Sumatra losses about 1,000 barrels per day to theft and bunkering.

Source:  “Indonesia Among Destinations for Stolen Nigerian Oil: Report,” Jakarta Globe, September 20, 2013.