Illegal Oil Purchase In Iraq Can Be Used To Fund IS Militant Group Iraq Warns

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BAGHDAD: Iraq warns crude oil buyers over unauthorized oil purchases are used to fund the Islamic State militias.

Iraq warns unauthorized oil purchase is used to fund IS
Iraq warns unauthorized oil purchase is used to fund IS


Iraq has sternly warned buyers of crude oil that any illegal oil purchases made from Iraq’s territory could be used to fund activities by the Islamic State extremist militant group.

In a statement recently released, Iraq’s Oil Ministry said: “International purchasers [of crude oil] and other market participants should be aware that any oil exports made without the authorization of the Ministry of Oil may contain crude oil originating from fields under the control of [ISIS]. The only seller of Iraqi crude oil authorized by the Ministry of Oil is [Iraq’s state-owned oil company] SOMO.”