Libya’s naval forces on Thursday seized a Togo-flagged fuel tanker and arrested its Greek crew on the suspicion they planned to smuggle oil out of the country, a spokesman for the forces said. Libya’s western coast is a departure point for the smuggling of heavily subsidised gasoline to neighbours such as Tunisia and Malta, where […]
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 […]
Oil company, Puma Energy Zambia PLC, has denied allegations that it is involved in fuel smuggling activities in the country. On Friday last week, the Zambia Revenue Authority disclosed that it had busted an organized fuel smuggling syndicate through the Chirundu One-Stop Boarder Post worth over K2.8 million in unpaid duty and taxes. In this […]
The Zambia Revenue Authority has discovered an organized fuel smuggling syndicate through the Chirundu One Stop Boarder Post worth over K2.8 million in unpaid duty and taxes. In a statement today, ZRA corporate affairs manager Topsy Sikalinda revealed that an agent, Chombe Gondwe, was importing the fuel on behalf of Puma Energy PLC although the […]
By Laura Mallonee In Pakistan, a gallon of diesel costs more than $3. In Iran, it’s just 34 cents. The math is simple, and it sends droves of poor, Iranian smugglers speeding to the border in beat-up Toyota pickups loaded down with fuel. Sadegh Souri tried his best to keep up while trailing the couriers […]
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Kiyapili Sibanda, Business Reporter THE Zimbabwe Energy Regulatory Authority (Zera) is seeking an amendment to the Petroleum Act to tighten penalties for illegal possession and dealing in petroleum products. The existing legislation presently provides for the establishment of the Petroleum Regulatory Authority whose function is to license and regulate operations in the petroleum industry. Speaking […]
Summary: Surat: The state monitoring cell of Gujarat police busted a petrol and diesel theft racket in Kawas of Surat on Saturday. The drivers were offered money for allowing them to steal the oil. The accused opened the locks of the tankers with master keys with them.The arrested accused and the seized material were handed […]
Following calls by stakeholders in the energy sector for a stronger and coherent efforts and political will to fight a nuisance cartel in the fuel smuggling business, there seems to be a good response from industry regulators. The National Petroleum Authority (NPA) has announced stringent measures the Authority had put in place to curb fuel […]
Italian news agency Rainews24 has published a report in which it links Daphne Caruana Galizia’s murder with the Libyan oil smuggling operations. In an article published earlier today, Rianews is saying that out of the various possible leads which could explain the motive behind Caruana Galizia’s murder, oil smuggling reports are deemed as “the most […]