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 …

This paper, the first of two on global oil theft and fraud, discusses the prevalence, methods, and consequences of … global oil theft, valued at US$133 billion per year and equivalent to 5-7 per cent of the global market for crude oil and … petroleum fuels. However, the impact of oil theft is significantly larger than the value of theft itself. Government tax yields …

We show that the incorporation of offshore entities increases when oil and gas exploration licences are awarded. We … oil licences to construct a new data set covering 119 countries over the period 1990-2014. We consider the incorporation … association is stronger when the price of oil increases. Our work informs the fight against corruption, proposing greater …