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Rudaw

Iraq

Captured Oil Facilities in Iraq Finance IS Jihad

6/8/2014
An IS fighter stands guard at a checkpoint near the Baiji refinery. Photo: AP
An IS fighter stands guard at a checkpoint near the Baiji refinery. Photo: AP
  

By Muhammad Hadi

ERBIL, Kurdistan Region – Islamic State (IS/ISIS) jihadists are now in control of seven oil fields and two refineries in northern Iraq, including the Kurdistan Region, finding a sustainable source of revenue for their “holy war” in the newly-captured lands.

They are estimated to be selling 10,000 barrels per day (bpd), including earnings from the Kurdish Ayn Zala oil well in the Zumar area.

In addition to wells and refineries the militants are in charge of roughly 260 kilometers of an oil pipeline connecting fields in Kirkuk to the Ceyhan port in Turkey, according to Bewar Khinsi at the Kurdistan Protection Agency.

“The militants simply sell the existing oil in the pipelines at much lower prices,” Khinsi told Rudaw.

“They sell (the equivalent of) roughly 40 tankers, or 10,000 barrels of oil, with net revenues of $12,000,” Khinsi said. “The customers are usually local Kurds and Arabs,” he added.

“ISIS wants to broaden its attacks,” Khinsi warned. “And oil is a good source of income for their war machine. They use it also as fuel to run their military vehicles.”

IS conquests include the Gayara oil fields, which reportedly can produce over 20,000 barrels a day and where total reserves are estimated at 2 billion barrels of oil. They also control refineries in Gayara.

According to Khinsi’s estimate, Ayn Zala has between 70 and 80 oil wells, with a total reserve of 4 billion barrels of oil.

In Salahaddin province, the militants control the Hajelan oil fields, with the capacity of producing 5,000 barrels bpd and total reserves of 1 billion barrels.

Khinsi also warned that the militants have considered destroying the Mosul Dam, which would unleash a flood over vast areas. 

 

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Leonard | 6/8/2014
How can one fit so many fault in one artikle?
DutchKurd | 6/8/2014
To whom do they sell the oil? And from who do they buy their weapons with that oil money? Anyone reliable information about this?
Kurd | 6/8/2014
Isis are all dickheads
KuriSelemani | 7/8/2014
dickheads who are about to overrun Kurdistan. Kurds needs to take ISIS very seriously and wipe them out ASAP!!
Deniz | 7/8/2014
We still want to believe in brave Peshmerga….only hope that we have.
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