Kenneth Rijock

Kenneth Rijock

Friday, July 11, 2014

ISIS SHIPPING CRUDE OIL TAKEN FROM IRAQ INTO KURDISH REGION FOR SALE

ISIS-occupied regions of Iraq & Syria

The radical Islamist group ISIS apparently is not satisfied with the millions that it stole from the banks in Mosul, when it occupied the city. Iraqi oil media are reporting that it is delivering Iraqi crude, which has been extracted from captured facilities located in territory that it occupies, to buyers in the Kurdistan Region.

 A figure of $1m per day has been given for the profit that ISIS is "earning" from selling the stolen crude. Both the central government in Iraq, and the United States, have objected to Kurdistan independent sales of oil on the international market, and the fact that a designated terrorist group is supplying it with crude will add a potential terrorist financing issue to the controversy.

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