Latest news and articles about oil smuggling from NEX English
CNN has revealed the existence of a floating station off the coast of Malaysia used to launder Iranian oil and secretly transfer it between ships, facilitating its smuggling to China away from U.S. sanctions oversight.
A recent UN report has uncovered networks involved in oil and arms smuggling in Libya, highlighting the involvement of influential figures in these activities. The smuggling of crude oil and refined products has reached unprecedented levels, raising concerns about its impact on the country's stability.
Thai Prime Minister <strong>Anutin Charnvirakul</strong> has warned of a worsening oil supply crisis as diesel prices hit record highs. The Justice Minister confirmed illegal smuggling and storage of oil, exacerbating the situation.
A leaked UN report highlights a rise in illegal activities related to Libya's oil sector, emphasizing the need for stringent international measures to monitor oil revenues. This comes amid ongoing institutional divisions and weak oversight of the country's sovereign resources.