This page has been archived and commenting is disabled.
Petrodollar Panic: EU Officials Admit Buying Oil From ISIS
We recently explained how ISIS remains so well funded but what was unclear was who exactly what purchasing their 'recently-provisioned' oil reserves? The assumption being some desperate third-world nation or some scheming offshore hedge-fund arbitrageur; however, as Sott.net reports, a senior European Union official has revealed that some EU member states have purchased oil from ISIL Takfiri militants despite their rhetoric against the group. The official declined to disclose any names but Turkey remains a front-runner (having already shunned President Obama) and potentially France (after their recent anti-Petrodollar comments).
As The Daily Signal's Kelsey Harkness ( @kelseyjharkness ) notes,
According to the Iraq Energy Institute, an independent, nonprofit policy organization focused on Iraq’s energy sector, the army of radical Islamists controls production of 30,000 barrels of oil a day in Iraq and 50,000 barrels in Syria.
And now we know who is buying... (as Sott.net reports)
A senior European Union official has revealed that some EU member states have purchased oil from ISIL Takfiri militants despite their rhetoric against the group.
In a briefing to the European Parliament Foreign Affairs Committee, EU Ambassador to Iraq Jana Hybas-kova said some European countries have purchased crude from the ISIL.
She, however, refused to disclose any names despite pressure by some Parliament members to do so.
The EU official also warned against any support by the West for separatist Kurdish groups who, she said, would destabilize the Middle East.
Earlier reports accused Turkey of buying and transporting oil from both the ISIL and Qaeda-linked Nusra Front. According to the reports, Western intelligence agencies could track ISIL oil shipments as they moved across Iraq and Turkey.
ISIL reportedly controls eleven oil fields in northern Iraq as well as Syria's Raqqa province.
US intelligence officials estimate that the Takfiri militants earn more than USD 3 million a day from oil profit, theft, human trafficking and ransom. They say the militants sell oil and other products via established networks in Turkey, Jordan and Iraq's Kurdistan region. ?Turkey has denied reports of involvement in ISIL's oil smuggling operations.
* * *
How long before US places sanctions directly on these European nations (instead of implicitly through Russia)?
- 24628 reads
- Printer-friendly version
- Send to friend
- advertisements -



This whole ISIS situation looks almost too hollywierd produced to believe.
production value is about onpar with the moon landing..
more smoke & mirrors ! ! HAH ! !
And Barry thinks the Europeans are going to stand up to ISIS and Putin.
Hah ha ha ha ha ha
Because regardless of what anyone says, oil takes priority.
You ever get the feeling that Kerry and Obama have been told by these countries that they are allies against us, but due to their arrogance believe these countries said they would be our allies???
This is all unpossible.
The IEA has said the world is awash in oil.
Why would anyone risk buying from ISIL when there's so much to be had elsewhere at the click of a button?
I hope they got the Kerry discount...LOL
FOOLS
“Why would anyone risk buying from ISIL when there's so much to be had elsewhere at the click of a button?”
Because “Isis militants are selling their oil between £15 ($25) and £36 ($60) per barrel.”.
http://www.ibtimes.co.uk/iraq-crisis-isis-sells-stolen-crude-oil-raising-over-1-million-per-day-1462389
This boils my fucking blood! the best way to stop these muppets is to cut off their money supply and instead we aid them by buying on the black market.
We are just asking to be nuked.....
Wait a minuite. That meas the Criminal EU is aideing & a bedding the enemy which means the Criminal UNITED STATES, COPR INC. needs to prosecute then under the Patriot Act / NDAA.
What a joke.
They supply the dollars for oil to buy the projectiles for the weaponary.. Vertical intergration with the bonus that every one wins in a circle jerk of love for profit over peace. Cry me a river.
War on terror is a boondoggle to support economic growth.... and fuck anyone who gets between it
The EU is aiding and abetting beheaders in staged Wag the Dog blue screen productions.
They could at least get some English stage actors doing Shakespearean type speeches before they are beheaded (sic). Alas Cameron - I knew him well.
They also need better costumes. The perfectly clean orange perp walk outfits look too much like someone in Burbank ran over the California Bureau of Prisons to get a perp outfit.
The Paramount backlot never looks so deserty to me, Looks like some of the old westerns they shot there.
+1000
ISIS seems like some western intelligence op gone bonkers. Like "Opps! lost control over that radical group, now they're just running amok randomly causing mayhem. Lets see how can we salvage this thing...hey look an orange jump suit and a ninja outfit, now to find a mac with imovie and we're set!"
I figure it's something along those lines but also with very sophisticated players behind what on the surface look like a "bunch of crazies". Some ISIS videos show them pulling cars over on Iraq highways and using laptops to identify targets they are looking for -- Iraqi army types or collaborators now dressed as civilians. They know what they are doing.
They know what they are doing and the spook outfits (CIA / Mossad) know what they are doing as well. Notice how oil goes through Turkey before entering Europe for purchase. This was what the CIA / MIC did during the Vietnam war with opium from the Golden Triangle. I met a UN soldier who was stationed in Tehran during the Vietnam War who said his job was to guard the US C-130s that flew in every day from Vietnam loaded with opium. They would transfer this to several smaller planes and fly the shipment to Turkey where it would be delivered to the rest of the world. Turkey became the fall guy in case problems arose.
You can tell that ISIS / ISIL is sanctioned and run by the West because they were given a major cache of US weapons and equipment. US military SOP is to destroy (or use killswitchs on vehicles) any equipment / weapons that could possibly fall into enemy hands. Since this was not done then the U.S. military / Langley / State Dept. consider ISIS an ally / proxy.
So the EU buys discount oil from ISIS, and Kiev thinks the EU will have their back against Russia when it comes to NatGas - LOL! Better beware who is standing behind you Kiev and what their real intentions are!
Mmmm ISIS oil, the richest kind!
"Look for it in the plain brown wrapper."
This is good for the stockmarket, no?????
You're seeing the price of oil without the "owners" of the fields having to do any maintenence on the equipment, without having to pay taxes to a state governement, without having to do any upstream spending for future production and without having to pay shareholders. If we were to just back off, we'd see ISIS lose its capacity to produce oil without anybody doing anything.
Question is are they moving enough of the stuff to explain the drop in price?
Probably not a lot. That shit's traded in paper. Until the paper pushers do something that breaks production, they can manipulate the price however they want.
What'll be interesting to see, if their production starts to falter, is if they move on Saudi Arabia's oil fields.
I don't think we will have to wait for their production to start to falter before they move on the Saud's.
It's all a question of timing and dealing with the threat the US poses. No one else has the capacity to stop them at this point. Will be interesting to see what happens when they have even the slightest victory against the US. Will the masses jump on the bandwagon, or remain on the sidelines. And no, cutting off a reporter's head doesn't count.
The US doesn't pose a threat to ISIS. The bombing raids to come will be on Assad controlled military targets. ISIS is a smoke screen to finally invade Syria.
Obama's not a threat. The US military is.
OH SNAP!
The things the west will do for oil.
How about an Isis sit down in the white House.
Sit down? There's an ISIS prez there now, ffs.
You mean John McCain's endorsement wasn't enough?!
Beer Summit!
How is it so different from the Afghanistan opium production and trade?
It's just Company business. And the America military is its body guard.
Follow the money. In whose pockets does the money ultimately end up in?
Surprise surprise....not
pretty organized for a new organization, unless this is all bullshit to get us into another pointless war in the middle east.
It's funny how they always get the letters CIA mixed up with ISIS in these articles. Are there any editors around here?
Or, after creating ISIS, we lost control of them.
Israeli Secret Intelligence Service
edit: IF the US and petrodollar is really in the trouble so many think it is, doesn't it stand to reason Israel needs to do something to shore up its own oil supplies? Money supplies? whatever?
I wonder what ISIS is going to call their new petrol-backed currency.
The Sand-dollar?
Allah's?
Uocod's (use our currency or die)
https://www.youtube.com/watch?v=iLqdpMwulPQ
All right, would someone just trademark this acronym?
Sluts.
-30-
They were for buying oil from ISIS before they were against it.
That and "First we have to buy the oil to know who is selling it".
BERLIN: Germany said Friday it had prohibited activities in support of ISIS, warning the "terrorist" group operating in Iraq and Syria also posed a threat to Europe.
Interior Minister Thomas de Maiziere said the immediate ban included the recruitment of jihadist fighters, the public display of ISIS symbols and signs and social media propaganda.
Read more: http://www.dailystar.com.lb/News/Middle-East/2014/Sep-12/270471-germany-...
(The Daily Star :: Lebanon News :: http://www.dailystar.com.lb)
Is buying oil considered support?
No. Buying oil is Not Support for ISIS.
Because your minions cannot go cold or be immobilized.
They get mad.
Cast you out of the Honeycomb.
But recruiting for ISIS or hanging signs are serious measures which will bring them to their knees
What a cluster.Farce at its best.
Does this mean traditional oil prices will have to compete?
which country has the lowest refining margins?
What should shock everyone more is that the Israeli's let them muscle in on thier discount
Talk about hypocrisy.
They would probably buy meat from the Nazis too (fresh killed and cooked in the oven yesterday)
The average Ukrainian woman strongly prefers to buy whole chickens rather than sausage or ground meat. They have historical reasons for this preference.
WOW! a whole chicken. I've heard of a French Tickler. Thats with the feathers I presume.
And the fiat money charade goes round and round.....
Actually seeing the events unfold it now seems to me that both ISIS and Ukraine events are in fact very much related and have been planned well in advance... in a way one has to admire the audacity and sophistication of the CFR tribe planners! Yet I'm afraid the world is too complex even for them...
"Everyone has a plan until they get hit in the mouth"
God
"Sammy, I heard you bought junk from Izzy the Push?"
"I'm sorry man, I'm am addict. I needed a fix right then and Izzy was there, you know how it is man!"
"Hey Sammy, we are done, fuck you"
(are the reporters gone? Cool! Sammy, you know I don't mean it right? Just keeping up appearances, you know?)
But but but, all those beheadings
Not to worry, Saudis have ISIS beat in the oil & beheading industry.
Saudi Arabia executes 19 in one half of August in 'disturbingNuke Britain!
Let me see: ISIS controls VAST Stretches of Syria.
Syria shares border with ISRAEL.
ISIS threatens USA, Europe, Russia, Suez canal, Mars, Uranus etc.
BUT, ISIS does not threaten Israel.
"To learn who rules you simply find out who you aren't allowed to criticize." ~ VoltaireAnd “We the People” are trapped on the burning wheel.
"BUT, ISIS does not threaten Israel."
Before you let your imagination run away with you, check where ISIL is in Syria. In the north.
The Israel border is right in the south. And in the middle, the Syrian official army. So maybe ISIL doesn't threaten Israel BECAUSE IT CAN'T.
Can't even read a map, but has to somehow vent its rabid paranoid antisemitism.
hey lea you hasbara troll, man you tribe lot are natural born liars, the mossad front group isis kidnapped un troops on the golan heights which is on the border between syria and israhell, in addition israel have been treatening their isis troops there, even bibi visited.
in addition the jews in israel are not semites they're ashkansi from present day Ukraine, the real semites are the Palestinians that you lot are murdering
You have to wonder how Obama could keep a straight face during 9/10/14 ISIS wardrum speech.
I'm sure he was giggling as he walked away from the podium
Medication
UK and France have been buying oil from ISIS a mate in London tells me.
The coalition hadn't officially placed ISIS on the official terrorist organization list at the time of the purchases so its all okay.
They'll be more cautious in the future and work more closely with their partners in tyranny to ensure they fund and supply their covertly created and run terror groups in a way that can't be disclosed.
Isn't that how the game works?
Those stinky French are buying dirty oil, eh?
That's their "white flag waving", telling ISIS not to target France and French victims.
I'll just bet the British are gonna love the French even more, now!
Stupid
When fraud is the status quo, possession is 100% of the law.
Possession of what you say? Well, in order to actually do or build anything, you need energy, period.
Specifically, calories that can be consumed.
The Scots are doing the right thing by getting away from the Terrorist supporting Queen.
If they can see it as you describe. Yes.
LOL, right into the arms of the EU. Please....
if only we could all shun Obama!
Turncoat Brits.
Shaft Intro Original
http://www.youtube.com/watch?v=Ehg2EaYhoJs
Despite their rhetoric on establishing an ever-growing Caliphate, they can spread only so far before running up against real militaries. IS is not going to take over Turkey, for instance. At some point they will begin making moves to create an accepted state, at least accepted by some. They might try to grab some of Jordan. The longer they hold and consolidate their radical Sunni enterprise, the West will have to deal with them as a settled deal. However, the west seems determined to escalate the situation into more war and chaos for the time being. I'm just imagining the blowback from this new push to arm and train "moderate rebels" in Syria. Black comedy to the nth degree.
ISIS is just a proxy creation to counter Iran. The CIA/USSA is just reconstituting the Iraq Baathist Party to do the dirty work that no else wants to do to contain Iran. Only this time it has to be in a New State since Iraq doesn't exist anymore for all practical purposes, and Syria can't exist in it's present form to get Qatar/Saudi Nat Gas. So enter ISIS, which has been awarded the worthless sandlands of East Syria and West Iraq, but not the rich oil lands, or the fertile lands. Just strong enough and crazy enough to suck Sunni fighters from every failed Sunni state and money from every rich Arab state, and make the Shiite Iranians pause and plan for the new threat. All this to create a "stable Jihadist zone" in no-mans land, surrounded on all sides by West-Friendly proxies, except for one direction... towards Iran. Meanwhile the West uses the cover to take out Assad.
What was that again?
F__k the EU! (?)
I guess we just got the response to that one.
Wears well doesn't it!
So to be clear James Foley's family are not allowed to pay a ransom to IS to save their sons life but its OK to buy oil from IS... Our leaders have the morals of sewer rats.
"So to be clear James Foley's family are not allowed to pay a ransom to IS to save their sons life but its OK to buy oil from IS... Our leaders have the morals of sewer rats."
Check who was James Foley before you shed any tears.
http://www.frontpagemag.com/2014/dgreenfield/james-foley-went-looking-to...
Otherwise, you're right about our leaders, even though your comparison is not nice to sewer rats.
That is totally unfair!!!! Sewer rats have feeling too!
NJ asphalt refineries are also buying (seriously) http://uk.reuters.com/article/2014/08/01/oil-axeon-iraq-idUKL2N0Q729T201...
its a jersey thing
Alright you got your caliphate, just stop taking people's heads off.
That's reserved for the Japanese testing their swords.
Isis can not be accused of anti-semitism
Suddenly the world dosen't seem so orderly.
WHICH NATIONS & CORPORATIONS ARE BUYING FROM ISIS?
WHICH BANKS ARE FACILITATING THESE TRANSACTIONS?
European official sez prefer to buy oil from ISIS instead of evil Russians.
MIFFED!
Why would ISIS sell Iraqi oil to Europe?
I thought these crazy fanatics were idealists?
The media presents them as mad dogs.
They act like businessmen?
Are they wearing silk suits under their black PJ's?
ISIS(L)-Al-Queda works for the Bush family.
ISIS wearing silk suits under their black PJ's?
hahahahahaha.... what a fucking joke all this is!
Terror training at Oxford, Georgetown, and Jewville Universities?
Not your typical cave dweller.
Yawn
Just give them their own state. That's the worst thing that could happen to them.
Do the Muslims fighting for ISIS know their leadership is Israeli?
This is all over talk radio, but the mainstream press still says "attack ISIS." Is there still a chance that American citizens can sway Congress and the White House? If even the Brits don't want to spend the resources and it was THEIR citizen who got beheaded, why do we get all excited?
This is beginning to sound like what happened last year when we were preparing to invade Syria. Maybe I might send more mail to my Congress-critters.
ISIS doesn't threaten ISRAEL...... because unlike the ussa ....it has the will to react.....
besides muslim killing muslim is fun to watch and is the strategy to begin with
"They say the militants sell oil and other products via established networks in Turkey, Jordan and Iraq's Kurdistan region".
If that's a rag-tag jihadist bunch, I am the Queen of England. Question is, whose well-organized merc army are they?
I think it's high time team USA sent in the expendables to deal with this situation. Stallone, Statham, Schwarzenegger, Lundgren and crew will show ISIS what's what! :-)
"The EU official also warned against any support by the West for separatist Kurdish groups who, she said, would destabilize the Middle East."
Yes, because up till now it's just been a bastion of stability. Idyllic, even.
I thought Europe was all terrified of global warming?
Now I find out they don't mind getting their heads cut off, and burning the planet alive... so they can drive their smart cars to the Place St. Germain for Pastis?