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 …

fact. When oil and gas are also included in estimates of export dependence on extractive industries, a number of new …

The extractives industries must adjust their operations to shifting patterns of demand for oil, natural gas, and coal …

This paper analyses the evolution of fiscal and monetary variables in Ghana, from the discovery of oil in 2007 through … Ghana could have done differently to avoid the various damaging effects associated with the oil discovery. It does not aim …'s experience that may be useful for other countries that discover oil. …

bedevils licensing and commodities trading; and oil theft which runs into billions of dollars. Ensuring transparency in revenue …