Singapore Police Bust Refinery Robbers

Singapore Police Bust Refinery Robbers

Singapore Police Bust Refinery Robbers

About 4,384 metric tonnes of gasoil, valued at S$2.4 million, were stolen from Shell's biggest refinery.

Muhammad Ali similarly faces a charge of abetment by conspiracy with Muzaffar Ali, Tiah, Cai and Koh to misappropriate 1,260 metric tonnes of gas oil in the early hours of Sunday.

"Shell reported a suspected theft to the authorities after we became aware that we may have been the victim of a crime", said the spokesman.

The suspects, aged between 30 and 63, were detained on Sunday in raids across Singapore, after the energy giant first alerted police in August past year.

Shell confirmed that eight of the people were "former or current" employees.

US Hits Canadian Groundwood Paper Imports With Tariffs
Lawmakers, including some Republicans, opposed the move, citing concerns about USA printing and publishing jobs. Resolute and Catalyst are the two mandatory respondents in the anti-dumping probe.

The charges seen so far allege three incidents of gasoil theft: on November 21, 2017, of more than 2,322 tons valued at S$1.277 million ($958,564.78); and on January 5 and 7 this year of a combined 2,062 tons of gasoil, valued at S$1.126 million.

Both are accused of engaging in a conspiracy to dishonestly receive 1,260 metric tons of gas oil worth $687,960 which was transferred from Pulau Bukom to vessel Prime South at around 7pm on Sunday.

Some $3.05 million in cash and a 12,000-tonne tanker weighing were seized in the operation.

Eleven men were charged yesterday in connection with the misappropriation of fuel worth more than $2 million from Shell Singapore. The police also froze the men's bank accounts to prevent the suspected criminal proceeds from being dissipated.

In a statement late on Monday, Shell said the company anticipates a "short delay in the supply operations at Bukom, but at this point we expect to continue to meet our contractual supply obligations to customers".

Japan's Nikkei index hits 26-year high
Benchmark 10-year notes US10YT=RR last fell 10/32 in price to yield 2.5825 percent, from 2.546 percent late on Tuesday. Brent had not yet traded in Asia, while USA crude rose 43 cents, or 0.7 percent, to $62.17 a barrel.

A view of the Bukom Island industrial site in western Singapore, where Shell has one of its most important production sites in the world.

Bukom is a giant 500,000 bpd refinery on a pair of islands southwest of Singapore, and it has a combination of crude oil refining and petrochemical facilities on the same site.

Illicit oil trading is widespread in Southeast Asia.

There has been a modest decline since then, although the organization said in a quarterly report that oil theft was still "of concern", especially in the South China Sea, off the east coast of Malaysia.

NSAs met, Indo-Pak talks are happening, admits MEA
The meeting between the two NSAs took place in Thailand almost three weeks ago. In fact, the two NSAs spoke shortly after the Pathankot attack in January 2016.

Latest News