Photo courtesy of Reuters

Oil Theft: A Frightening International Perspective

The famous London-based Ernst & Young (EY) audit and consulting company estimates that around $133 billion worth of crude oil and refined products are stolen or adulterated every year. These practices fund dangerous non-state actors such as the Islamic State, Mexican drug cartels, Italian mafia, Eastern European criminal groups, Libyan…

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Author Profile
Professor - Moscow State University for International Relations

Eugene M. Khartukov is a professor at the Moscow State Institute/University for International Relations, (MGIMO), head of the Moscow-based Center for Petroleum Business Studies (CPBS) and of the World Energy Analyses and Forecasting Group (GAPMER), and vice president (for Eurasia) of the Geneva-based Petro-Logistics S.A. He is the author and co-author of over 360 scientific publications and speaker at more than 170 international oil, gas, energy or economic fora. Email: khartukov@gmail.com

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