Middle East Economic Survey
VOL. LIII
No 29
19-Jul-2010
SAUDI ARABIA
Saudi Government Studies Crackdown On Oil Smuggling
The Saudi Arabian government is studying ways of cracking down on oil smuggling, MEES learns. Details are sketchy but there is a significant illegal trade in oil products, mainly diesel and gasoline and even crude. Volumes are believed to be around 100,000 b/d or more. Subsidies, which have created substantial discrepancy in prices across the region, are believed to the prime...
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