Project Aim

In its latest annual report titled “Transnational Crime and the Developing World”, the Global Financial Integrity estimated global daily crude oil theft to be in the range of 271,440 to 623,200 barrels of crude oil per day; and the corresponding value lost to these volumes estimated in the range of $14.2 to $32.6 million per day. These volumes are likely to have considerable implications with regard to global oil prices, inventories and supply and demand projections, as well as adverse consequences for energy security. Illicit oil trade by definition is not systematically documented. This project will develop a methodology for identifying and analyzing illicit oil activities in the Middle East and North Africa (MENA).

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