A fuel oil smuggling network in Iraq, reportedly operational since Prime Minister al-Sudani's term began, has diverted millions of barrels of oil to Iran, generating an estimated $1 billion in annual profits.
A fuel oil smuggling network in Iraq has generated some $1 billion in profits for Iran , Reuters has reported, citing unnamed sources. According to the sources, $1 billion is the size of the annual profits from the operation, which began after Mohammed Shia al-Sudani became Prime Minister of Iraq . The smuggling mechanism essentially involves diverting fuel oil from Iraq i asphalt plants and sending it to Asia.
Indeed, earlier this year, a group of U.S. congressmen called on President Biden to ban Iraq’s oil minister from attending events in the United States because of his alleged involvement in Iranian sanction evasion. The group also demanded an investigation into Minister Hayyan Abdul-Ghani and other Iraqi officials on their alleged participation in sanction evasion.
Iran Fuel Oil Smuggling Sanctions Evasion Oil Profits Western Intelligence Asphalt Plants Tankers Billion-Dollar Scheme US Congress
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