Militants of the Islamic State of Iraq and Syria (ISIS) are making an estimated $3 million a day by selling crude oil captured from Iraq and Syria in black markets, experts say.
ISIS militants have seized a number of oilfields in Iraq and Syria over the past few months, and are now selling crude oil to finance their self-declared “caliphate.”
Analysts suggest that oil from areas under ISIS control is being sold at less than half of its international prices.
Iraqi oil industry officials estimate that ISIS raises more than $2 million a day form crude oil sails.
But U.S. estimations suggest the militant group makes is cashing in about $3 million a day.
http://english.alarabiya.net/en/perspective/analysis/2014/08/28/Experts-ISIS-makes-up-to-3-million-daily-in-oil-sales.html