Oil Theft – Page 3

Number of Illegal Refineries Destroyed in Nigeria in Early 2013

Security officials in Nigeria reported that they destroyed 748 illegal refineries in the region in the first four months of 2013. In addition to breaking down the refineries, the Joint Task Force in the Niger Delta arrested 498 suspects who were involved in oil theft and oil bunkering. 55 suspected kidnappers were also arrested during… Continue reading Number of Illegal Refineries Destroyed in Nigeria in Early 2013

Oil Spills in Nigeria Due to Sabotage and Theft

Oil company Royal Dutch Shell said that over 90 percent of oil spills from pipelines and other operations in Nigeria during 2012 were due to acts of sabotage. In its annual sustainability report, the company reported that around 26,000 barrels of oil were spilled in Nigeria. During 2009 to 2012, Shell estimates that 85 percent… Continue reading Oil Spills in Nigeria Due to Sabotage and Theft

Number of Barrels of Oil Smuggled into the Philippines in 2012

According to the Chairman and CEO of Petron, an estimated 36 million barrels of oil was smuggled into the Philipines in 2012. Oil industry officials also estimate that up to one-third of the oil sold on the market has been smuggled. Source: Gil Cabacungan, “Petron hits oil smuggling,” Inquirer, April 2, 2013.

Iranian Fuel Smuggling Into Pakistan

In March 2013, diesel smugglers in Pakistan were selling a liter of fuel in $1.06 (104 Pakistani Rupee), less than the official price of $1.14 (112 Rupee). The fuel was smuggled into the black market from Iran. Traders of the black market diesel estimated between 100 to 130 fuel tankers that each hold between 25,000… Continue reading Iranian Fuel Smuggling Into Pakistan

Amount of Theft and Sabotage to Eni’s Pipelines in Nigeria

Italian oil company Eni reported in March 2013 that it was suspending operations in Southern Nigeria due to rampant oil theft and sabotage. The company was producing up between 35,000 and 40,000 barrels of oil per day in its oil fields in Bayelsa. Bunkering activities were causing losses of up to 60 percent of the… Continue reading Amount of Theft and Sabotage to Eni’s Pipelines in Nigeria

Theft of Cooking Oil to Make Biodiesel in the United Kingdom

The Treasury of the United Kingdom is estimated to be losing up to $38 Million (£25 Million) in duties each year to the theft of used cooking oil. The oil is being stolen from restaurants and converted into biodiesel. The unregulated fuel is then sold on the black market. The cost to convert used cooking… Continue reading Theft of Cooking Oil to Make Biodiesel in the United Kingdom

Tax Evasion in the Philippines

An estimated $20 Billion a year is lost in tax revenue in the Philippines due to black market smuggling. Commodities such as petroleum, rice and fertilizer are among the items that avoid taxes. Source: Cai Ordinario, “‘PH loses $20-B to smuggling each year’,” Rappler, February 26, 2013.

Losses to the Oil Industry in Nigeria from Theft

The Government of Nigeria estimates that it is losing up to $6 Billion a year to oil theft and oil smuggling on the black market

Losses to Theft of Oil Equipment in West Texas

Count police in West Texas estimate that oil drillers in the area are losing equipment worth $20 Million a year to theft. Thieves steal drilling equipment and other items in order to resell the goods on the black market. Some of the equipment are brought over the border and sold in Mexico. Source: Dave Fehling,… Continue reading Losses to Theft of Oil Equipment in West Texas

Pertamina Losses to Theft in 2012

Indonesian oil company Pertamina reported that it lost up to $52 Million (500 Billion Indonesian Rupiah) to oil theft and oil smuggling in 2012. Company officials stated up between 800 to 1,100 barrels of oil was stolen from its pipeline in Sumatra each day. The amount lost to smugglers accounted for 5 percent of the… Continue reading Pertamina Losses to Theft in 2012