Who Would Have Been Buying The Oil From Isis?

[sandyRoe]

The Pentagon reported attacks on oil refineries that were producing oil which helped to fund ISIS. How could they have sold the oil they were producing?

http://www.theguardian.com/world/video/2014/sep/25/pentagon-video-airstrikes-isis-oil-refineries-syria-video

[baza]

someone must be, it cannot be too hard to find out who the scumbag is.

[Gromit]

The stolen crude oil is bought from ISIS and the Kurds by middlemen in Damascus and Baghdad and is taken by truck to through Kurdistan to Turkey. Once it is on the back market, anyone will buy it, the EU, China and the US.

// ERBIL, Kurdistan Region - A tanker carrying crude oil from Iraqi Kurdistan has been permitted to unload its cargo near the Port of Galveston, in Texas, despite threats from Baghdad to sue anyone who buys Kurdish oil.

The docking of the ship in the US port marked not only the first arrival of Kurdish crude oil to the United States but an important victory for the Kurdistan Regional Government (KRG), which has faced challenges in finding buyers for its disputed crude oil. //

[keyplus90]

Probably CIA knows better because they have very well trained people with clear instruction in the ISIS.

[Peter Pedant]

open market ?

who would ever buy a stolen car thinking it were OK ?

[ToraToraTora]

Easy how do you think Sadam H sold his? Huge black market, no problem selling.

[sandyRoe]

The Americans fined some banks millions for dealing with Saddam and breaking the sanctions they'd imposed. You'd think it wouldn't be beyond them to track ISIS oil and somehow convince middlemen that it was too hot to handle.

[youngmafbog]

All financial transactions are logged and archived (and supposedly sanctions checked - OFAC) so it's easy to bring a prosecution.

I somehow doubt there is a string of receipts for the oil.

[DTCwordfan]

there are loads of middlemen - and of course there is the question of price if discounted to the market......Iraqi oil ain't bad stuff as to API, (density) sulfur and aromatics and quite nice as a refinery crude. Tracking the physical is actually quite easy as each crude has its own fingerprint as to the organisms in it....the financial trail will be murky, though the majors and any decent trader logs for both physcial and paper deals.

[sevenOP]

"Though ISIS is making a lot of cash off of their oil, they’re selling most of it on the cheap to the countries that are actively fighting against them, so cutting off this flow of oil could actually end up hurting the battle against ISIS rather than helping it."
http://thehigherlearning.com/2014/09/22/isis-is-making-nearly-100-million-per-month-selling-oil-whos-buying-it/

The ironic shortsightedness prevalent in the 21st Century.