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Oil thefts in Iraq surpass 35B
According to Iraqi sources, a vast corruption network has operated in the oil sector since 2011, resulting in losses and thefts exceeding $35 billion. Manipulations of oil quantities were carried out to benefit militias and political parties, with illegal deals that helped finance these groups and caused significant financial losses to the state. These operations include fuel smuggling and converting gasoline price differences into sources of theft. In one case related to the former Deputy Minister of Oil, billions of dinars and a quantity of gold were seized, with investigations ongoing to identify all those involved.
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