Wednesday, December 4, 2024
Iran earns $1 billion from fuel oil smuggling- oil and gas 360

Iran earns $1 billion from fuel oil smuggling

( Oil Price) – A fuel oil smuggling network in Iraq has generated some $1 billion in profits for Iran, Reuters has reported, citing unnamed sources. According to the sources, $1 billion is the size of the annual profits from the operation, which began after Mohammed Shia al-Sudani became Prime Minister of Iraq. The smuggling mechanism essentially involves diverting fuel oil from