AFP: Saudi probes 11-year oil smuggling operation: report

Saudi Arabia is investigating a smuggling operation that illegally exported discount-priced oil to Europe for more than 11 years, the Saudi newspaper Okaz reported on Saturday.

Unnamed companies had bought discounted oil under the guise of using it to produce chemicals domestically, but instead they shipped it to unidentified destinations in Europe, the paper said.

Okaz did not say how much oil had been smuggled out of the Red Sea industrial port of Yanbu.