The illegal oil trade

Hundreds of billions lost in revenue.

Illegal oil, product sea trade not a priority for governments: report

Governments worldwide need to do more to combat illegal crude oil and refined product trade at sea, according to a report released Tuesday.

“Most maritime law-enforcement agencies are already struggling to address other growing maritime-security threats, and hydrocarbons crime is often relegated to the bottom of state priorities,” the report states.

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Source: platts.com

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