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