State-sanctioned fuel smuggling cost Libya $20bn over three years – report

Policy body calls for western-backed investigation into oil officials known to be at heart of illegal enterpriseA surge in state-sanctioned fuel smuggling between 2022 and 2024 cost the Libyan people about $20bn (£15bn) in lost revenue – an alarming sum that demands decisive international sanctions against those responsible, according to the most comprehensive report published on how Libya’s primary revenue source has been systematically pillaged.The report by the investigative and policy body the Sentry states that “politicians and security leaders who claim to serve the public and fight organised crime have, in fact, acted as the chief architects of Libya’s fuel-smuggling industry, often with backing from foreign states”. Some of the imported fuel has also been smuggled into Sudan where it has prolonged that country’s civil war. Continue reading…