Friday, December 11, 2015

The Islamic State Oil Trade Is Worth Hundreds Of Millions


BBC: Islamic State oil trade 'worth more than $500m'

The so-called Islamic State (IS) has made more than $500m (£330m) trading oil, a US treasury official has said.

Its "primary customer" has been the government of Syria's President Bashar al-Assad, despite its ongoing battle to overthrow the regime, Adam Szubin told the BBC.

IS had also looted up to $1bn from banks in territory it held, he said.

A US-led coalition has been bombing IS targets, including oil facilities, in Syria and Iraq for over a year.

IS' finance chief was recently killed in one such mission, Pentagon officials announced on Thursday.



More News On The Islamic State`s Oil Trade

Islamic State Oil Is Going to Assad, Some to Turkey: U.S. Official -- Reuters
ISIS Sells Oil To Syria's Assad Regime, Some To Turkey, US Official Says -- IBTimes
ISIS Earned $500 Million Selling Oil, U.S. Official Says -- Time
Syria's Assad buying 'a great deal' of ISIS oil, US official says -- FOX News
Senior Treasury Official: Assad is the Largest Buyer of ISIS Oil -- The Tower
U.S. takes aim at the ISIS oil business -- CNN
How much does targeting oil sales hurt ISIS? -- CBS
Cash-strapped ISIS slashes fighters' pay after RAF airstrikes destroy terror group's oil refineries -- Mirror

1 comment:

Anonymous said...

This has been known since the beginning of the war.. It's gained renewed attention (due to the revelations concerning Turkey's purchases) from US public and state Medias in an effort to dim the anger toward Turkey.