79660
Singapore Uncovers Large Oil Theft at Shell Refinery
Singapore Uncovers Large Oil Theft at Shell Refinery

Singapore Uncovers Large Oil Theft at Shell Refinery

Singapore Uncovers Large Oil Theft at Shell Refinery

Eleven men were charged in a Singapore court on Tuesday in connection with a large-scale oil theft at Shell’s biggest refinery, while police said they were investigating six other men arrested in a weekend raid.
Police in the island-state said on Tuesday they had detained 17 men, whose ages ranged from 30 to 63, and seized millions of dollars in cash and a small tanker during their investigations into theft at the Pulau Bukom industrial site, which sits just south of Singapore’s main island, Reuters reported.
Oil refining and shipping have contributed significantly to Singapore’s rising wealth during the past decades. But the case underlines the challenges the industry faces in a region that has become a hotspot for illegal oil trading.
The investigation began after Shell contacted the authorities in August 2017, police said in a news release. After “extensive investigations and probes”, the Criminal Investigation Department, Police Intelligence Department and Police Coast Guard launched a series of simultaneous raids across Singapore, which led to the arrests.
Nine Singaporeans were immediately charged in the theft, of which eight were employees of the Singapore subsidiary of Royal Dutch Shell Plc, court documents showed.
Two Vietnamese nationals were charged with receiving stolen goods on a small tanker named Prime South, the documents showed.
Shell confirmed on Tuesday that eight of the 11 men charged were current or former employees at Shell Eastern Petroleum Ltd. Tuesday’s cases could be just the first insight into a grander scheme.
The charges seen so far allege three incidents of gasoil theft: on Nov. 21, 2017, of more than 2,300 tons valued at $958,000; and on Jan. 5 and 7 this year of a combined 2,062 tons of gasoil.

 

Short URL : https://goo.gl/xqoVsZ
  1. https://goo.gl/Bt59zU
  • https://goo.gl/fP9PX5
  • https://goo.gl/7qwSbi
  • https://goo.gl/PPGJAd
  • https://goo.gl/Gp98ke

You can also read ...

BP: Electric Vehicles to Cut Oil Consumption
The emergence of self-driving electric cars and travel sharing...
OPEC Deal Closer to Market Rebalancing
The OPEC deal is closer than ever to meeting its market...
Brent, WTI Prices Slide Over Higher US Production
Oil prices fell on Wednesday, weighed down by a rebound in the...
SP Phases 17-18  Output Increases
Major overhaul operations in phases 17 and 18 of the giant...
The lion's share of petrochemical exports is bound for China, India and South Korea.
Boosting the country's petrochemical revenues entails...
NISOC in Close Cooperation With Domestic Academic Centers
National Iranian South Oil Company can implement complicated...
Special Devices for Gas Regulating Stations
Some 150 natural gas pressure regulating stations have been...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus