Militants have begun selling thousands of barrels per day of oil stolen from Iraq's traumatized energy infrastructure.

ISIS earning $1M per day from Iraqi oil smuggling

ISIS earning $1M per day from Iraqi oil smuggling
Hundreds of tankers wait to cross into Iran in one of several lots near the Parwezkhan border crossing in Diyala province, Nov 6, 2013. The fuel and oil trade has long been active. (PATRICK OSGOOD/Iraq Oil Report)

Since invading huge swaths of northern and central Iraq, the Islamic State of Iraq and al-Sham (ISIS) has been smuggling increasing amounts of crude scavenged from Iraq's stricken oil infrastructure to buyers in the Kurdistan region, earning the extremist group an estimated $1 million per day.The first truckloads of ISIS-controlled crude arrived in Tuz Khurmatu, a mixed population town with a large Turkomen contingent that has long been at the epicenter of ethic and administrative tension, ...

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