Islamic State oil goes to Assad, some to Turkey, U.S. official says

Convoy Oil Turkey
December 2015 TURKEYIslamic State militants have made more than $500 million trading oil with significant volumes sold to the government of Syrian President Bashar al-Assad and some finding its way to Turkey, a senior U.S. Treasury official said on Thursday. The United States, France, Britain and Russia have vowed to defeat Islamic State, which uses an extreme interpretation of Islam to justify attacks and brutality in large parts of Syria and Iraq that it controls. A U.S.-led coalition is bombing the hard-line Sunni group, as is Assad’s only big-power supporter Russia, in an attempt to kill its leaders and cripple the oil wells which the group uses to finance its rule and attacks abroad.
In one of the most detailed public explanations of Islamic State’s oil trade, U.S. Treasury Department official Adam Szubin said militants were selling as much as $40 million a month of oil at the installations which was then spirited on trucks across the battle lines of the Syrian civil war and sometimes further. “ISIL is selling a great deal of oil to the Assad regime,” Szubin, acting under secretary for Terrorism and Financial Intelligence with the Treasury, told an audience at Chatham House in London. “The two are trying to slaughter each other and they are still engaged in millions and millions of dollars of trade,” Szubin said of Assad’s government and Islamic State, also known as ISIS or ISIL.
The “far greater amount” of Islamic State oil ends up under Assad’s control while some is consumed internally in Islamic State-controlled areas. Some ends up in Kurdish regions and some in Turkey, he said. “Some is coming across the border into Turkey,” Szubin said when asked for details on the money trail. “Our sense is that ISIL is taking its profits basically at the wellhead and so while you do have ISIL oil ending up in a variety of different places that’s not really the pressure we want when it comes to stemming the flow of funding – it really comes down to taking down their infrastructure,” he said. –Star Daily
Advertisements
This entry was posted in Act of terrorism, Age of Decadence, Civil War and Conflict, Conflict Among Nations, Currency - Economic warfare, Escalating hostilities, Flashpoint for war, Geopolitical Crisis, Greed and Corruption, Hoarding Resources, Immigration surge, Nations Collapse, Political Corruption, Population Exodus, Preparation for War, Protests, Refugee Crisis, Resource War, Rumors of War, Squandered Resources, Terrorism threat, Unsustainable Debt Burden. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s