Thursday, April 28, 2016

Was Syria The Islamic State's Biggest Oil Customer?

A youth works at a makeshift oil refinery in Syria that, according to its owner, gets crude oil from Islamic State-controlled areas of Syria and Iraq.

Newsweek: ISIS's Multimillion-Dollar Oil Deals With Assad Regime Uncovered In U.S. Special Forces Raid

The Syrian regime of Bashar al-Assad has negotiated multimillion-dollar oil deals with the Islamic State militant group (ISIS), new documents retrieved from a U.S. raid against the radical Islamists’ oil chief have revealed.

A U.S. special forces raid on ISIS’s oil minister—known by his nom de guerre Abu Sayyaf—in May 2015 saw the extraction of thousands of documents implicating his oil operation with that of the Assad regime, with revenue from the sale of oil to Damascus helping the group to reach a peak of $40 million a month in oil revenue, according to documents seen by The Wall Street Journal.

Sayyaf led the group’s oil ministry, known as the Diwan of Natural Resources, and used deals with the Syrian regime to boost the division’s income, contributing 72 percent of $289.5 million the group earned in natural-resource revenues in the six months preceding February 2015.

Read more ....

Previous Post: The Rise And Fall Of The Islamic State’s Oil Man

WNU Editor: It is not the first time that these reports have surfaced. What's my take .... I am not surprised. I also suspect that the Islamic State has been selling oil to everyone .... sometimes to customers who do not even know that they are buying oil from them.

2 comments:

RRH said...

Well, if anyone has a reason to buy it, it's the Syrians, seeing as it's their oil anyway.

This isn't the only incidence of "working" with the enemy. There are reports of cooperation over power generation stations in the hands of the head choppers.

http://foreignpolicy.com/2016/02/09/why-are-russian-engineers-working-at-an-islamic-state-controlled-gas-plant-in-syria/

though these deals are certainly not as lucrative for the Islamo-fascists as those with their NATO/Saudi "coalition" nod, nod, wink, wink buddies.

War News Updates Editor said...

RRH. I forgot about the electricity arrangement. Good point.