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Saddam-style: ISIS oil exports worth $500m a year ‘conducted through Turkey’


The lion’s share of Islamic State illegal oil exports is conducted through Turkey and Kurdish areas. Although Washington could curb the illegal traffic, it has chosen to focus on other issues, a former CIA officer told the Sputnik news agency.

He said Islamic State’s (IS, formerly ISIS/ISIL) oil revenue lifeline could be cut short, if Washington made an effort to do so.

“I do believe that,” Kiriakou stressed.

IS makes about $40 million a month on oil sales, raking in close to $500 million a year, a US Treasury Department spokesperson told the news agency earlier this week.
According to Kiriakou, someone on the Turkish side of the border has been making enough money out of it. “There are too many vested interests involved for it to stop. They greased the right people.”