Libya’s $5 Billion Fuel-Smuggling Trade Has a Russia Problem
Big Take6 Feb 2024

Libya’s $5 Billion Fuel-Smuggling Trade Has a Russia Problem

In September 2022, a tanker called the Queen Majeda was stopped by authorities in Albanian waters, stuffed to the gills with $2 million worth of marine gas oil. The ship was coming from Libya’s port of Benghazi. And according to the Albanian authorities, the oil they were carrying was being smuggled out of the country illegally.

The Queen Majeda was just the tip of the iceberg of Libya’s $5 billion fuel-smuggling problem, Bloomberg’s senior global business reporter K. Oanh Ha discovered. She learned from the head of Libya's audit bureau that as much as 40% of the fuel imported to Libya under a subsidy program in 2022 was smuggled out. And by tracking shipping data, Ha found that a lot of the fuel exiting through illicit trade originally came from Russia. The fuel then made its way from Libya into European countries that have banned Russian fuel imports.

In today’s episode, Ha unravels the mystery of the Queen Majeda – and reveals how Russian fuel flows through Libya to dodge European sanctions.

See omnystudio.com/listener for privacy information.

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(971)

 The $19 Billion Menopause Economy

The $19 Billion Menopause Economy

For generations, women have struggled to access information about menopause and how best to treat its symptoms. Social media and the rise of telehealth have filled some of that gap, giving way to a $1...

5 Aug 19min

Why a Weak Yen Is America’s Problem

Why a Weak Yen Is America’s Problem

As the Japanese yen hit a 40-year low against the US dollar, Japan's government stepped in to support its currency. And it has a powerful ally in US President Donald Trump, who is putting the US finan...

4 Aug 17min

Big Oil’s Big Wartime Profits

Big Oil’s Big Wartime Profits

US crude prices fell below $80 for much of the day Monday as oil traders factored in a potential deal to reopen the Strait of Hormuz. But even as reports of imminent peace deals or attacks jolt oil ma...

3 Aug 17min

Weekend Listen: Why Private Credit Got Entangled With Insurance

Weekend Listen: Why Private Credit Got Entangled With Insurance

Insurers have quietly become a major driver of the private credit boom, with numerous private equity shops striking deals with insurance companies or buying them outright. But the entanglement with pr...

2 Aug 51min

The Future of the Democratic Party Runs Through Michigan

The Future of the Democratic Party Runs Through Michigan

The path to the future of the Democratic Party — and to the White House in 2028 — may well run through Michigan. The state’s upcoming Democratic primary election is a highly anticipated showdown betwe...

31 Jul 18min

‘Skimpflation’ Could Be the Sneakiest Consumer Grift

‘Skimpflation’ Could Be the Sneakiest Consumer Grift

From margarine to chocolate treats, some brands are swapping in cheaper ingredients to save money on their most beloved products. It’s a trend known as “skimpflation.” But what happens when consumers ...

30 Jul 16min

Can We Trust Election Prediction Markets?

Can We Trust Election Prediction Markets?

With the US midterms fast approaching, voters and the media are increasingly looking to a new forecasting tool: prediction markets. The leading platforms, Kalshi and Polymarket, have been touted as a ...

29 Jul 18min

How India’s Cockroach Party Became a Political Force

How India’s Cockroach Party Became a Political Force

Weeks of student-led protests forced the resignation of India’s education minister, in a rare public setback for Prime Minister Narendra Modi. On today’s Big Take Asia podcast, guest host Rebecca Choo...

28 Jul 18min

Populært innen Politikk og nyheter

giver-og-gjengen-vg
aftenpodden
forklart
stopp-verden
popradet
rss-gukild-johaug
det-store-bildet
hanna-de-heldige
rss-ness
rss-penger-polser-og-politikk
dine-penger-pengeradet
nokon-ma-ga
aftenpodden-usa
e24-podden
aftenbla-bla
unitedno
frokostshowet-pa-p5
lydartikler-fra-aftenposten
rss-utenrikskomiteen-med-bogen-og-grasvik
bt-dokumentar-2