• Why Jihad Watch?
  • About Robert Spencer and Staff Writers
  • FAQ
  • Books
  • Muhammad
  • Islam 101
  • Privacy

Jihad Watch

Exposing the role that Islamic jihad theology and ideology play in the modern global conflicts

Islamic State makes three to six million dollars daily from oil revenue

Sep 25, 2014 8:11 pm By Robert Spencer

Lukoil, Statoil explore West Qurna 2 oil filedAnother source says that the Islamic State controls areas including 60 oil wells. If only eleven of them are operational at this point and they’re making three to six million dollars a day, that revenue could significantly increase once the caliphate puts all the wells into action.

But who is buying this oil?

“Islamic State makes 3-6 mln dollars per day from oil revenue,” ANSAmed, September 25, 2014 (thanks to Insubria):

(ANSAmed) – BEIRUT – Eleven oil wells in Iraq and Syria are believed to bring in over three million dollars per day to Islamic State (IS) coffers.

Israeli intelligence sources claim that the amount may be higher, as much as six million dollars per day. This is the reason behind the US airstrikes Wednesday evening on oil installations in the Deir Az-Zor province, eastern Syria. The ‘Islamic Caliphate’ proclaimed by Abu Bakr Al-Baghdadi uses the funds – which make it the largest terrorist economic powerhouse ever – to stock up on weapons, pay its fighters well and buy off local Sunni tribes. IS controls four of the five main oil fields in Deir Az-Zor, the region with the most energy resources in Syria.

By selling oil at sharply reduced prices, say several sources in Syria, IS has been able to secure the support of armed tribal clans in both Deir Az-Zor and Raqqa, the only Syrian province entirely in its hands. In the Himrin region of Iraq’s Diyala province (near the Iranian border) alone, IS is thought to be earning 600,000 dollars per day, the mayor of a city in the region, Oday Al-Khadran, stated in recent days. Khadran said that the jihadists fill about 100 tankers of oil per day and deliver it ”to ruthless retailers in Mosul or Syria. Here it is sold to foreign mediators at some 4,000 dollars for each tanker, some 80% less than market prices in Europe”.

The smugglers are then believed take it in several different directions – to Turkey, Iraq or Syria – but the end destinations are unknown. (ANSAmed).

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to print (Opens in new window)
  • Click to email this to a friend (Opens in new window)
  • More
  • Click to share on Skype (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on Pocket (Opens in new window)
  • Click to share on Pinterest (Opens in new window)

Follow me on Facebook

Filed Under: Islamic State (aka ISIS, ISIL, Daesh) Tagged With: featured


Learn more about RevenueStripe...

Comments

  1. LJ says

    Sep 25, 2014 at 9:10 pm

    I guess they need a certain amount of that fuel to power their advance in the steal camels, humvees etc that have been abandoned by the retreating forces that were trained on the taxpayers dollar.

  2. JamesonRocks says

    Sep 25, 2014 at 10:05 pm

    Follow the money with A few F-18’s, B-2’s, and the new F-22’s!

    • umbra says

      Sep 26, 2014 at 2:24 am

      Much easier to decommission those functioning oil fields. It would be more difficult to bring them back online than to find new tankers.

  3. mortimer says

    Sep 25, 2014 at 11:44 pm

    Once the entire fleet of tanker trucks is destroyed by airstrikes, the oil will not move. No driver will accept the job for any money.

    • Salah says

      Sep 26, 2014 at 12:01 am

      “Once the entire fleet of tanker trucks is destroyed by airstrikes…”

      It won’t happen, mortimer. Obama does not want to destroy ISIL, he only wants to score some political points while teaching his friends (ISIL) a lesson: I armed you, funded you, trained you, don’t you dare come back and bite me.
      He will bomb a few targets here and there but he will NEVER completely destroy ISIL.

    • Allan says

      Sep 26, 2014 at 12:21 am

      Unless potential drivers think of the job as a ticket to the 72-virgin paradise.

  4. Rob says

    Sep 26, 2014 at 12:24 am

    Not any more!

  5. fair_dinkum says

    Sep 26, 2014 at 2:41 am

    we know a great deal is going to ‘un involved’ Turkey.

    i just watched footage of air strikes on these facilities. seems theyll be easy to knock out.

  6. AnneM says

    Sep 26, 2014 at 8:03 am

    No wonder they are no longer are asking for jizya tax from non-Muslims!

  7. pdxnag says

    Sep 26, 2014 at 10:06 am

    They were disrupting the oil cartel by selling oil at bargain basement prices. That is, it makes sense to the cartel to stop the flow of their oil for purely non-Islamic reasons, or rather for pro-Islamic reasons to fund their own greater worldwide jihad.

  8. Lisa says

    Sep 26, 2014 at 10:53 am

    I would not be surprised if their oil ends up indirectly in US. After all environmentalists don’t want Canadian oil, but are OK with Sharia oil being imported. Some of it may be IS oil as well.

  9. lion rampant says

    Sep 26, 2014 at 4:07 pm

    Yep. Follow the oil. Its effectively an embargo and therefore a good loyalty test
    for the coalition of the ‘willing’ arab states. Will they allow oil from isis across their borders ?
    I am not holding my breath.
    Decommisioning the wells is the only option.

  10. Uncle Vladdi says

    Sep 27, 2014 at 6:05 pm

    Turkey has already ‘fessed up in public to buying the stolen oil.

    TURKEY SHOULD BE KICKED OUT OT NATO, AND THEN NATO SHOULD ATTACK TURKEY.

FacebookYoutubeTwitterLog in

Subscribe to the Jihad Watch Daily Digest

You will receive a daily mailing containing links to the stories posted at Jihad Watch in the last 24 hours.
Enter your email address to subscribe.

Please wait...

Thank you for signing up!
If you are forwarding to a friend, please remove the unsubscribe buttons first, as they my accidentally click it.

Subscribe to all Jihad Watch posts

You will receive immediate notification.
Enter your email address to subscribe.
Note: This may be up to 15 emails a day.

Donate to JihadWatch
FrontPage Mag

Search Site

Translate

The Team

Robert Spencer in FrontPageMag
Robert Spencer in PJ Media

Articles at Jihad Watch by
Robert Spencer
Hugh Fitzgerald
Christine Douglass-Williams
Andrew Harrod
Jamie Glazov
Daniel Greenfield

Contact Us

Terror Attacks Since 9/11

Archives

  • 2020
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2019
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2018
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2017
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2016
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2015
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2014
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2013
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2012
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2011
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2010
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2009
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2008
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2007
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2006
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2005
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2004
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2003
    • December
    • November
    • October
    • March

All Categories

You Might Like

Learn more about RevenueStripe...

Recent Comments

  • Walter Sieruk on Iranian top dogs approve bill to end UN nuclear inspections, increase enrichment
  • Dude on Muslim cleric: ‘We welcomed the takeover of ISIS because they wanted to implement the Sharia’
  • Infidel on Uighur leader: ‘We’re actually quite worried’ about what Biden might let China get away with
  • Infidel on Uighur leader: ‘We’re actually quite worried’ about what Biden might let China get away with
  • Mojdeh on Audio: Robert Spencer on Muslim Brotherhood influence in a Biden/Harris administration

Popular Categories

dhimmitude Sharia Jihad in the U.S ISIS / Islamic State / ISIL Iran Free Speech

Robert Spencer FaceBook Page

Robert Spencer Twitter

Robert Spencer twitter

Robert Spencer YouTube Channel

Books by Robert Spencer

Jihad Watch® is a registered trademark of Robert Spencer in the United States and/or other countries - Site Developed and Managed by Free Speech Defense

Content copyright Jihad Watch, Jihad Watch claims no credit for any images posted on this site unless otherwise noted. Images on this blog are copyright to their respective owners. If there is an image appearing on this blog that belongs to you and you do not wish for it appear on this site, please E-mail with a link to said image and it will be promptly removed.

Our mailing address is: David Horowitz Freedom Center, P.O. Box 55089, Sherman Oaks, CA 91499-1964

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.