islamic-state-controls-areas-with-60-oil-wells

Robert Spencer Sep 18, 2014 at 12:17pm Islamic State of Iraq and Syria 4 Comments

And our friend and ally, NATO member Turkey, refuses to impede their oil sales. The Islamic State is going to be around for awhile. “ISIS controls areas with 60 oil wells, Israeli source,” ANSAmed, September 18, 2014 (thanks to Insubria):

(ANSAmed) – TEL AVIV/BAGHDAD/BEIRUT, SEPTEMBER 18 – ISIS has ”extraordinary economic resources” enabling it to gain strength in vast areas of Syria and Iraq, forging alliances with local tribes and other groups, according to an Israeli source quoted by Haaretz on Thursday. The source said ISIS controls areas with 60 active oil wells, providing revenues varying from three to six million dollars a day.
The source confirmed that Israel has passed on intelligence reports to the US.
According to Iraqi sources, ISIS makes 600,000 dollars a day from illegal exports of oil extracted from wells conquered last June in the northern part of Iraq’s Diyala province. The allegation was made Thursday by the mayor of a city in the region in an interview to local papers. The jihadists, said the mayor of Khalis, Oday al Khadran, extract oil from wells in the region of Himrin and smuggle it into Syria and Turkey.
”ISIS fills about 100 tankers with oil a day and delivers it to ruthless retailers in Mosul or Syria”, said Khadran. ”Here it is sold to foreign mediators at some 4,000 dollars for each tanker, some 80% less than market prices in Europe”. (ANSAmed)