Gas and Oil Smuggling Market: $10.62 Billion

The Pakistani Governments estimates that it losses between 5 billion to 6 billion Pakistani Rupees ($66 Million) to oil smuggling each year.

Source:  “Govt losses Rs5-6 billion annually as sale of Iranian petrol in Pakistan soars,” Pak Tribune, December 11, 2006.

Losses from the illegal use and smuggling of red diesel in the United Kingdom is estimated to be about 350 Million Pounds ($560 Million US).

Source: John Baker, “Crackdown on red diesel,” Spalding Today,October 25, 2007.

According to oil officials in Kuwait, $2.5 Million of diesel a day, or $912.5 Million a year, is smuggled into Iraq from Kuwait.

Source: “Kuwait MP calls to question Oil Minister over fuel smuggling to Iraq,” Alsumaria, September 30, 2009.

17 percent of Iran’s total fuel production, or 40 million liters (10.6 million gallons) is smuggled out of Iran every day.

Source: “‘17 percent of daily fuel production smuggled abroad’,” Press TV, September 26, 2009.

The Government of the Philippines losses $682 Million (32.5 Billion Philippine Peso) in tax revenue to gas and oil smuggling in the country.

An estimated 30 to 35 percent of all gasoline and diesel sold in the country comes from oil smuggling.

Source: Amy R. Remo, “Gov’t urged to curb oil smuggling,” Philippine Daily Inquirer, September 20, 2009.

The government of Bulgaria losses more than 1.3 Billion Lev ($977 Million) a year to fuel smuggling and theft, according to Security and Development Organization.

Source:  Katerina Ivanova, “Bulgaria Loses BGN 1,3 bn over Fuel Contraband,”Standart, September 18, 2009.

In 2008, Mexico’s state-run oil company Pemex estimated that it lost $700 Million to oil theft and smuggling.

Source: Robert Campbell, “U.S. case highlights Mexico’s rampant oil theft,” Reuters, August 12, 2009.

Up to a quarter of the regular gasoline sold in Northern Ireland was illegally smuggled in 2008, according to Revenue and Customs. Half of the diesel sold was also illegally smuggled in Northern Ireland.

Source:  Allegra Stratton, “Smuggling of alcohol and tobacco into UK costing £5.5bn,” Guardian, December 27, 2009.

Nigeria loses up to $1.5 billion a year to oil theft and illegal smuggling.

Source:  Benoit Faucon, “Niger Delta’s Oil Theft More Sophisticated,” Dow Jones Newswire, February 27, 2009.