• $
  • €
  • ₽
  • ₺
  • £

Kazakhstan Uncovers $100M Oil Products Smuggling Ring

Kazakhstan Uncovers $100M Oil Products Smuggling Ring
21.10.2026 18:30

Kazakhstan's National Security Committee (KNB) has dismantled an organized criminal syndicate that illegally exported more than 160,000 tonnes of petroleum products worth roughly 45 billion tenge (over $100 million) between 2019 and 2023.

Investigators revealed that the group procured raw crude from local operators, processed it at the Standart Petroleum and Mangystau Oil Refining mini-refineries, and shipped it abroad via the Port of Aktau disguised as heating oil using forged quality certificates.

Authorities confiscated assets including the mini-refineries, an oil tanker, and substantial corporate holdings, while recovering over 2 billion tenge in illicit revenues and unpaid taxes for the state. Five key figures—including refinery executives and trade intermediaries—have been sentenced to eight years in prison each, and the primary mastermind behind the operation has been placed on an international wanted list.

Youtube
Go
Similar news
Similar news
Central Bank of Azerbaijan Releases Official Exchange Rates for October 23
Business 11:00
Central Bank of Azerbaijan Releases Official Exchange Rates for October 23
Natural Gas Futures Drop on New York Mercantile Exchange
Business 10:30
Natural Gas Futures Drop on New York Mercantile Exchange
Brent Climbs Above $113, WTI Tops $100
Business 10:00
Brent Climbs Above $113, WTI Tops $100
Abortion Rates in Azerbaijan Rise 21.9% in 2025, Statistics Committee Reports
Business 16:59
Abortion Rates in Azerbaijan Rise 21.9% in 2025, Statistics Committee Reports
Armenian Deputy PM Visits Syunik for Trump Route Infrastructure Planning
Business 14:30
Armenian Deputy PM Visits Syunik for Trump Route Infrastructure Planning
Azerbaijan Sets Target for Transition to Electric Stoves in Residential Buildings
Business 14:00
Azerbaijan Sets Target for Transition to Electric Stoves in Residential Buildings
Brent surges to $110.84, WTI reaches $98.64
Business 13:00
Brent surges to $110.84, WTI reaches $98.64
Azeri Light crude climbs to $119.70 per barrel
Business 12:30
Azeri Light crude climbs to $119.70 per barrel
Gold drops to $4,106 per ounce on COMEX
Business 12:00
Gold drops to $4,106 per ounce on COMEX
Anews TV

Our official Youtube channel

Subscribe