ISIS Smuggling Continues But Volumes Shrink

The reported arrests of Kurdish officials accused of oil dealings with the Islamic State of Iraq and Greater Syria (ISIS) near to the Kurdish-controlled northern Iraqi oil city of Kirkuk indicates that the business of smuggling oil by the extremist group continues. But volumes are falling as the US and its allies have made repeated attacks against oil installations and refineries held by ISIS.

Just how much is being produced and sold to fund the military campaigns in Syria and Iraq is unclear. The International Energy Agency (IEA) says the Jihadists now control only 20,000 b/d of oil.

Iraq’s US-backed Al-Hurra television reported that officials from both of the KRG’s ruling parties, the Kurdistan Democratic Party (KDP) and the Patriotic Union of Kurdistan (PUK) were arrested on charges of dealing with ISIS oil in an area just south of Kirkuk, which is now under KRG control. The Kurdistan Regional Government (KRG) has not commented, nor was the report confirmed by the Iraqi authorities. (CONTINUED - 1141 WORDS)