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Ankara's oil business with ISIS
Last October, the US Under Secretary for Terrorism and Financial Intelligence David Cohen said Islamic State was earning $1 million a day from oil sales. “According to our information, as of last month, ISIL [now more commonly known as ISIS] was selling oil at substantially discounted prices to a variety of middlemen, including some from Turkey, who then transported the oil to be resold. It also appears that some of the oil emanating from territory where ISIL operates has been sold to Kurds in Iraq, and then resold into Turkey,” he said.
According to Russian Prime Minister Dmitry Medvedev, the middlemen in Turkey are not only entrepreneurs, but are Ankara officials. Turkey is protecting Islamic State because of “direct financial interest of some Turkish officials relating to the supply of oil products refined by plants controlled by ISIS.”
A member of the expert council of the Russian Oil Industry Union Eldar Kasayev said Islamic State is selling oil at $15–25 per barrel, which is much cheaper than the Brent benchmark, trading at $45-50 …. https://www.rt.com/business
Source: http://luismmx.blogspot.com/2015/11/ankaras-oil-business-with-isis.html
