IDEAS home Printed from https://ideas.repec.org/p/unu/wpaper/wp-2022-35.html
   My bibliography  Save this paper

Countering global oil theft: responses and solutions

Author

Listed:
  • Etienne Romsom

Abstract

This second of two papers on global oil theft discusses ways to reduce oil theft, misappropriation, and fraud. At US$133 billion per year, oil is the largest stolen natural resource globally, while fuel is the most smuggled natural resource. Oil theft equates to 5-7 per cent of the global market for crude oil and petroleum fuels. It is so engrained in the energy supply chain that thefts are priced in by traders and tolerated by many shipping companies as petty theft.

Suggested Citation

  • Etienne Romsom, 2022. "Countering global oil theft: responses and solutions," WIDER Working Paper Series wp-2022-35, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2022-35
    as

    Download full text from publisher

    File URL: https://www.wider.unu.edu/sites/default/files/Publications/Working-paper/PDF/wp2022-35-countering-global-oil-theft-responses-solutions.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Mr. Jian-Ye Wang, 1994. "Macroeconomic Policies and Smuggling: An Analysis of Illegal Oil Trade in Nigeria," IMF Working Papers 1994/115, International Monetary Fund.
    2. Hippolyte W. Balima & Deirdre Daly & Mr. Boileau Loko, 2020. "External Private Financing and Domestic Revenue Mobilization: A Dilemma?," IMF Working Papers 2020/230, International Monetary Fund.
    3. Etienne Romsom, 2022. "Global oil theft: impact and policy responses," WIDER Working Paper Series wp-2022-16, World Institute for Development Economic Research (UNU-WIDER).
    4. Etienne Romsom & Kathryn McPhail, 2021. "Capturing economic and social value from hydrocarbon gas flaring and venting: solutions and actions," WIDER Working Paper Series wp-2021-6, World Institute for Development Economic Research (UNU-WIDER).
    5. Etienne Romsom & Kathryn McPhail, 2021. "Capturing economic and social value from hydrocarbon gas flaring and venting: evaluation of the issues," WIDER Working Paper Series wp-2021-5, World Institute for Development Economic Research (UNU-WIDER).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Tony Addison & Alan R. Roe, 2024. "Extractive industries: addressing transparency, corruption, and theft," WIDER Working Paper Series wp-2024-32, World Institute for Development Economic Research (UNU-WIDER).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Etienne Romsom, 2022. "Global oil theft: impact and policy responses," WIDER Working Paper Series wp-2022-16, World Institute for Development Economic Research (UNU-WIDER).
    2. Etienne Romsom & Kathryn McPhail, 2021. "Capturing economic and social value from hydrocarbon gas flaring and venting: evaluation of the issues," WIDER Working Paper Series wp-2021-5, World Institute for Development Economic Research (UNU-WIDER).
    3. Rafat MAHMOOD & Eatzaz AHMAD, 2015. "Measurement Of Import Smuggling In Pakistan," Pakistan Journal of Applied Economics, Applied Economics Research Centre, vol. 25(2), pages 135-159.
    4. Tony Addison & Alan R. Roe, 2024. "Extractive industries: addressing transparency, corruption, and theft," WIDER Working Paper Series wp-2024-32, World Institute for Development Economic Research (UNU-WIDER).
    5. Etienne Romsom & Kathryn McPhail, 2021. "Capturing economic and social value from hydrocarbon gas flaring and venting: solutions and actions," WIDER Working Paper Series wp-2021-6, World Institute for Development Economic Research (UNU-WIDER).
    6. Vlado Vivoda & Ghaleb Krame & Martin Spraggon, 2023. "Oil Theft, Energy Security and Energy Transition in Mexico," Resources, MDPI, vol. 12(2), pages 1-15, February.

    More about this item

    Keywords

    Oil; Fuel; Corruption; Crime; Tax evasion; Tax avoidance; Law enforcement;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:unu:wpaper:wp-2022-35. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Siméon Rapin (email available below). General contact details of provider: https://edirc.repec.org/data/widerfi.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.