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charter rates, Crude Oil Market, crude oil port - terminals, Daech, Daesh, foreign-backed terrorists, geopolitical strategies, Iraq, ISIL, ISIS, ISIS Gateway, Masoud Barzani, Oil Pipelines, Oil refinery, Oil Smugglers, Russia, Russian Airstrikes, smuggling, Syrian borders, Terrorism By Proxy, Terrorists Gangs, Turkey, Turkish plots, US-backed coalition, War Criminals, War on Syria, War Strategy
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By Tyler Durden, ZeroHedge (submitted by ‘The Old Sniper’)
Over the course of the last four or so weeks, the media has paid quite a bit of attention to Islamic State’s lucrative trade in “stolen” crude.
Ultimately, Russia cried foul at the perceived ease with which ISIS transported its illegal oil and once it became clear that Moscow was set to hit the group’s oil convoys, the US was left with virtually no choice but to go along for the ride.
Washington’s warplanes destroyed another 280 trucks earlier this week. Russia claims to have vaporized more than 1,000 transport vehicles in November.
Of course the most intriguing questions when it comes to Islamic State’s $400 million+ per year oil business, are: where does this oil end up and who is facilitating delivery?
By now Turkey has facilitated over $1 billion worth of black market ISIS oil sales to date.