Oil & Fuel Theft Summit 2018
April 18 - 19, 2018 - Geneva UKIQPC
enquire@iqpc.co.uk
Phone:2073689300
Oil and Fuel theft is a major, global challenge in our industry, with the repercussions of this illicit activity being wide spread from ecological damage to depriving governments of customs and tax revenues and actively funding criminal activities. Estimates suggest that as much as $133 billion worth of oil and fuel is stolen, adulterated, or fraudulently transferred at some point in its supply chain annually. This is a criminal activity that destabilizes markets, states, and even regions; it can no longer be ignored. The new, ‘lower for longer’ oil price has further incentivised the need to tackle this cost to governments and private companies active in the hydrocarbons industry. The Oil & Fuel Theft Summit 2018 will create discourse between major stakeholders within the hydrocarbons industry on how we can fight this revenue depriving crime and provide insight on the current solutions available such as: molecular marking, flow management and surveillance. By encouraging collaboration and drawing attention to this issue, we hope that the tide will start to turn on this criminal enterprise.