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 Iraqi asphalt plants and sending it to Asia. The network consists of companies and individuals in both Iran and Iraq, as well as several Gulf states, the Reuters report also said, noting…
