According to a report in The Guardian, a smuggling organization in Iraq is estimated to make about $5 million a week from smuggling oil.
40 to 50 percent of the profits from gas smuggling is believed to end up in the hands of insurgents.
$4 billion worth of gas was smuggled out of Iraq in 2005.
In Iraq, the prices of small arms have increased since the U.S. invasion. According to a report by the New York Times, Kalashnikovs were priced between $75 to $150 in early 2003. By late 2006, the prices increased to the range of $210 to $650. In some areas of Iraq, the price has increased to $800, with compact Kalashnikovs favored by Osama bin Laden selling for as much as $2000.
According to charity Oxfam, bullets are being sold on the black market in Iraq at a cost of 15 cents to 45 cents per bullet. Worldwide, up to10 to 14 billion bullets are produced, an average of 33 million per day. The market in small arms ammunition is worth between $2 to $3 Billion per… Continue reading Cost to Buy AK-47 Bullets in Iraq
Price of a rocket propelled grenade launcher for sale on the black market in Iraq in 2007.
The amount of money that government of Iraq lost to oil smuggling in 2008, according to an Iraqi Parliamentary Committee.
Amount of oil produced in Iraq that was diverted to the black market in 2008.