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Oil & Fuel Theft Summit 2018

Oil and Fuel theft is a major, global challenge in our industry, with the repercussions of this illicit activity being wide spread from ecological damage to depriving governments of customs and tax revenues and actively funding criminal activities.

Estimates suggest that as much as $133 billion worth of oil and fuel is stolen, adulterated, or fraudulently transferred at some point in its supply chain annually. This is a criminal activity that destabilizes markets, states, and even regions; it can no longer be ignored. The new, ‘lower for longer’ oil price has further incentivised the need to tackle this cost to governments and private companies active in the hydrocarbons industry. 

The Oil & Fuel Theft Summit 2018 will create discourse between high-level stakeholders within the hydrocarbons industry on how we can fight this revenue depriving crime and provide insight on the current solutions available such as: molecular marking, flow management and surveillance. By encouraging collaboration and drawing attention to this issue, we hope that the tide will start to turn on this criminal enterprise. 

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How Oil and Fuel Theft Happens:

Tapping Pipelines

Tapping Pipelines

Illegal Bunkering

Illegal Bunkering

Ship-to-Ship Transfers

Ship-to-Ship Transfers

Piracy

Piracy

Bribing Corrupt Officials

Bribing Corrupt Officials

Smuggling and Laundering

Smuggling and Laundering

Adulteration

Adulteration

Join Oil and Fuel Theft 2018 to:

Apply insight from case studies on countering oil and fuel theft from around the world

Apply insight from case studies on countering oil and fuel theft from around the world

Explore solutions from fuel dyes to molecular marking

Explore solutions from fuel dyes to molecular marking

Interact with key partners in the fight against oil and fuel theft to develop an integrated response to this crime

Interact with key partners in the fight against oil and fuel theft to develop an integrated response to this crime


Hear case studies on dealing with the ecological damage caused by oil and fuel theft

Hear case studies on dealing with the ecological damage caused by oil and fuel theft

Discover how authorities from across the world, including the Iraqi government are preventing terrorist organisation using this crime to fund their operations

Discover how authorities from across the world, including the Iraqi government are preventing terrorist organisation using this crime to fund their operations

Explore strategies for naval cooperation in countering oil and fuel piracy and illegal bunkering in regional hot-zones

Explore strategies for naval cooperation in countering oil and fuel piracy and illegal bunkering in regional hot-zones

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