IS Earnings Expected To Rise With Further Advance Of The Militias

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IS earning enough from illegal oil sales in the black market to fund its despicable activities.

IS- controlled oil market
IS- controlled oil market


IS controls just a few minor oil fields in Iraq’s north, but they are enough to fund the Islamic State terrorist group’s self-sufficiency.

According to analysts a month ago, the IS- controlled oil market in Iraq was reported to be worth $1 million a day. At this instant, with expansion in their territory IS is likely to take over further oil fields and smuggling routes, this black market is believed to be raising at least $2 million a day.