Fuel smugglers in Indonesia are using motorcycles to smuggled subsidized fuel into East Timor, which does not receive government subsidies for its gasoline purchases. According to a report in the Jakarta Globe, smugglers quickly drive up to gas stations located in the Belu district of Timor. The smugglers cut in front of the line and… Continue reading Fuel Smuggling on the East Timor Border
Tag: Oil Theft
Data and information on the black market activity of gas and oil smuggling. Theft and hijacking of oil and fuel occurs around the world, and Havocscope provides up to date statistics and financial losses regarding this illegal activity.
Losses to Royal Dutch Shell Due to Oil Theft
Oil company Royal Dutch Shell reported that its earnings for 2013 was almost $1 Billion lower due to oil theft and other acts of sabotage that occurs in Nigeria. Shell’s Chief Financial Officer stated that nearly $1 Billion worth of oil is stolen from the oil industry each month across Nigeria. In 2011, the Nigerian… Continue reading Losses to Royal Dutch Shell Due to Oil Theft
Oil Theft Profits in Nigeria
In an article in Bloomberg Businessweek, a team of oil thieves stated that they are able to make up to $6,098 (1 Million Nigerian Naira) a day from stealing oil from pipelines. The thieves steal oil from pipeline managed and operated by multinational oil companies such as Royal Dutch Shell. The oil thieves cut through… Continue reading Oil Theft Profits in Nigeria
2013 Fuel Theft Incidents at Pemex
According to data released by Mexican state owned oil company Pemex, 2,614 illegal fuel siphons were discovered on their pipes in 2013. The theft from their pipes lead to losses of gasoline, oil, natural gas and petrochemicals. Back in 2000, the oil company discovered 155 illegal fuel siphons, which means that the rate of fuel… Continue reading 2013 Fuel Theft Incidents at Pemex
Illegal Oil Refineries Destroyed in Nigeria in 2013
The Nigerian Navy reported destroying 1,556 illegal oil refineries that were selling oil on the black market in Nigeria during its 2013 fiscal year. Along with the illegal production sites, security services in Nigeria also apprehended 1,646 people for oil smuggling activities. In 2013, it was estimated that up to 100,000 barrels of oil was… Continue reading Illegal Oil Refineries Destroyed in Nigeria in 2013
Fuel Costs in Guatemala on the Black Market
According to the Guatemalan Association of Fuel Retailers, between 300,000 and 350,000 gallons fuel is smuggled into Guatemala from Mexico each day. Based on the current price of $4.20 per gallon, the illegal fuel is worth $1.2 to $1.3 Million per day. Criminal justice officials in Guatemala report that organized crime groups smuggle the fuel… Continue reading Fuel Costs in Guatemala on the Black Market
Amount of Fuel Smuggled into Colombia
According to security services in Colombia, between 10 to 15 percent of the fuel used by drivers in Colombia was smuggled into the country. Roughly one million gallons of gasoline is smuggled into the country each day, with 70 to 80 percent of the fuel coming from Venezuela. The remaining gas is smuggled into Colombia… Continue reading Amount of Fuel Smuggled into Colombia
Losses to Fuel Smuggling in Honduras
Criminal fuel smuggling costs the government of Honduras $230 Million, or 10 percent of its annual fuel imports. Economic and finance officials state that smugglers purchase fuel in Venezuela where it is heavily subsided by the government. The smugglers then transport the fuel illegally into Honduras. Source: Charles Parkinson, “Fuel Trafficking Costs Honduras $230 Mn… Continue reading Losses to Fuel Smuggling in Honduras
Oil Theft in Nigeria
An estimated 100,000 barrels of oil is being stolen each day from refineries in Nigeria. The total value of the losses from oil theft in Nigeria is valued at $8 Billion a year. 90 percent of the stolen oil is smuggled onto vessels and shipped to foreign countries. Previously, the reported amount of losses to… Continue reading Oil Theft in Nigeria
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… Continue reading Losses to Oil Theft in Indonesian in First Half of 2013