Militant Islamist fighters parade on military vehicles along the streets of northern Raqqa province. Reuters
Isis Smuggling $50m of Oil Monthly to fund Medieval Caliphate in Iraq and Syria -- IBTimes
The Islamic State, which reportedly generates $50m (£25m) a month in oil operations in neighbouring Syria, has expanded its oil business in Iraq to fund its recently declared 'caliphate.'
Having seized vast swathes of territory across Iraq, the jihadist group has begun selling crude oil and gasoline on black markets to fund its cross-border caliphate.
Militants from the Islamic State (formerly known as Isis) grabbed four small oilfields as they advanced through northern and central Iraq in June. The ultra-violent militants now control the Najma and Qayara oilfields near the northern city of Mosul, as well as the Himreen and Ajil oilfields close to the central city of Tikrit.
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More News On ISIS Making 'Tens Of Millions' From Oil Sales To Fund It's Caliphate And War Machine
ISS ‘making millions’ out of stolen oil revenues in Iraq -- RT
Islamic State Selling Iraqi Oil To Finance 'Caliphate' -- Reuters
NGO: Jihadists sell Syrian oil to Iraqi businessmen -- Al Arabiya/AFP
ISIS Generates Millions From Seized Oil Fields: Iraqi Officials -- NBC
Islamic State Selling Oil And Gas to Iraq From Conquered Land -- Breitbart
3 comments:
"The war machine spring to life ..."
Nena 99 Red Balloons
"The war machine spring to life ..."
Nena 99 Red Balloons
Somewhere a factory has put on extra people to produce white toyota pickups around the clock.
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