Gas and Oil Smuggling Market Value: $6.2 Billion

Posted on May 10, 2008
Filed Under Black Market Index, environmental goods |

$5 Billion worth of gas and oil is smuggled out of Iraq every year, with an additional $1.2 Billion smuggled out of other areas of the world.

Source: $5 billion losses for Iraq to Gas Smuggling: Sam Dagher, ‘Basra strike against Shiite militias also about oil,” Christian Science Monitor, April 9, 2008.

Additional $1.2 Billion from Indonesia, Malaysia, and the Philippines; Donald Greenlees, “Asia oil subsidies bring windfall to smugglers,” International Herald Tribune, September 27, 2005.

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