In the downstream, however, aging refineries built before 1980 have been bleeding cash for years and made Mexico import increasing volumes of refined products to meet growing demand. Operational and investment troubles aside, refineries in Mexico are bleeding as drug cartels have been racketeering refinery workers to help them tap storage facilities, trucks, and pipelines […]
Lagos – There are heightened concerns over the spate of smuggling of petroleum products outside the shores of Nigeria, just as the nation continues to experience scarcity of fuel. Stakeholders are of the opinion that the porosity of Nigerian borders and insufficient coordinated response by the concerned authority are amply responsible for the frequency of illegal […]
The Nigerian National Petroleum Corporation (NNPC) on Wednesday raised alarm over the sustained nefarious activities of some cross-border fuel smuggling syndicates and hoarders, which have so far impeded efforts by the Corporation to sanitize the fuel supply and distribution matrix across the country. The was disclosed on Wednesday in a statement issued by the Group […]
Closing in: We recently published a revised version of our Privacy Policy and Terms & Conditions By using this site, you agree to these revised documents including the use of cookies to enhance your experience. We kindly ask you to take a few minutes to read and understand them. Photo: Shutterstock An internal investigation has […]
SALAMANCA – The first call, from someone claiming to belong to the Michoacan Family drug cartel, came in February 2015. “They said they knew who I was and where I lived,” said Alberto Arredondo, who got the call at work as a pump technician at an oil refinery in the central Mexican city of Salamanca. […]
Some MPs accuse government officials and mafia members of being involved in the illicit oil trade. A probe team from Afghanistan’s parliament on Wednesday reported that over 30 fuel companies have smuggled millions of dollars worth of oil into the country under the pretext of delivering it to foreign forces, thereby avoiding import tax. The […]
The Philippine Bureau of Customs (BOC) has tapped the Department of Budget and Management-Procurement Service (DBM-PS) to procure a service provider that will implement the BOC’s fuel marking program. BOC and DBM-PS signed on December 28, 2017 a memorandum of agreement (MOA) for the latter to undertake procurement activities and implement the first tranche of […]
Share this article By Henning Gloystein and John Geddie SINGAPORE (Reuters) – An alleged oil heist in Singapore that has already led to 20 arrests, the seizure of at least one tanker and allegations that thieves siphoned thousands of tonnes of fuel from Shell’s biggest refinery is shining a spotlight on an illegal trade worth […]
By Henning Gloystein and John GeddieAN alleged oil heist in Singapore that has already led to 20 arrests, the seizure of at least one tanker and allegations that thieves siphoned thousands of tons of fuel from Shell’s biggest refinery is shining a spotlight on an illegal trade worth tens of billions of dollars worldwide. Working […]
Zambia’s energy regulator said Thursday that it has launched investigations into reports of fuel smuggling by some oil transporters. Last week, the country’s tax agency cracked a smuggling syndicate in the southern border entry of Chirundu where transporters declared the consignment as Jet A1 fuel which was duty free when in fact it was petrol […]