The so-called Islamic State in Iraq and Syria (ISIS) began selling Iraqi crude oil extracted from oil fields which it seized in recent months and is exporting it through the Kurdish region to Turkish refineries and from Turkey’s Mediterranean port of Ceyhan ultimately to Israel.
ISIS began shipping 100 tanks loaded with Iraqi crude oil extracted from the Ajeel oil field which the Saudi-terrorist group took control of last month. ISIS sells the crude oil at a price ranging between $12-14,000 per tank to finance their operations.
Israeli and Turkish companies who buy the oil use paved roads controlled by ISIS militants and take it through the cities near the border with Turkey to civil refineries inside Turkey or they go through the city of Makhmour to the Kurdistan region in coordination with the checkpoints.
As the Islamic State is established, it’s clear that ISIS wants to have all parts of their government and revenue sources well organized, and that energy exports are part of this scheme. The scheme includes the collection of taxes, but also other black market activities like trade in other illegal goods the group plunders from the land it captures.
Given the call by [ISIS leader Abu Bakr] Baghdadi on the first day of Ramadan –asking for consolidation of the state and the recruitment of individuals to help run that state – one has to figure that the energy sector figures into his planning.