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Daesh smuggling oil via Turkey, Iraq says

Daesh is now believed to have looted about $500 million from Mosul, Tikrit and other cities

  • IANS
  • Published: 18:05 December 13, 2014

Baghdad: Iraqi finance minister Hoshyar Zebari has said that the Daesh is smuggling Iraqi and Syrian oil via Turkey, and called it the richest terrorist group in the world.

“Daesh controls a number of oilfields in Syria and Iraq and they smuggle this oil overland through trucks, through middlemen to Turkey or towards other countries,” Zebari told Al Jazeera news channel Friday.

After an accounting of banks under Daesh control, Zebari said that Daesh is now believed to have looted about $500 million from Mosul, Tikrit and other cities, saying it was “the richest armed group in the world”.

He said Iraq was trying to crack down on Daesh financing, including oil smuggling.

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