Global oil theft: impact and policy responses

Etienne Romsom

No wp-2022-16, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: 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 have been assessed for 30 developing countries associated with oil theft and found to be significantly lower than in the International Monetary Fund's benchmark study.

Keywords: Oil; Fuel; Corruption; Crime; Domestic revenue mobilization; Tax evasion; Tax avoidance (search for similar items in EconPapers)
Date: 2022
New Economics Papers: this item is included in nep-ene and nep-iue
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:wp-2022-16

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