Europe Loses Billions Each Year to Fuel Theft and Fraud

Theft, fraud, and smuggling are becoming a big problem in Europe’s petroleum industry. Bloomberg described a case that highlighted the ease with which some daring groups can steal huge amounts of fuel:A watchman on duty at the MiRO plant in Karlsruhe, Germany’s largest oil refinery, would send a text message once the security guard was out of site, advising a truck driver that it was safe to leave with the 10,000 litre tanker of stolen diesel.In just over a year, the watchman helped steal 87 truckloads of diesel, and earned himself…

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