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News & Notes

Notes on headlines and reports

IS, Kurdistan, Turkey... they’re smuggling after all!

ENERGLOBE recently mentioned the Turkish president Erdogan’s rebuke of the New York Times and the Financial Times for reporting on the smuggling of oil out of Iraq and over the Turkish border, through which the IS is able to finance much of its terrorist activities. Erdogan sharply denied that such oil was able to pass illegally into his country.

A new report by IHS, however, confirms that this smuggling is taking place along with providing an estimate as to its magnitude and value. According to the analysis, IS is capable of producing between 50,000 and 60,000 barrels a day and can sell this product on the black market at an average price of 40 US dollars per barrel, “mostly via trucks through smuggling routes on the Turkish border”. 

»THE CRISIS IN THE CONCEPT OF THE

WORLD ORDER (IS) THE ULTIMATE

INTERNATIONAL PROBLEM OF OUR DAYS.«

Henry Kissinger,„World Order“, August 2014