The
lion's share of Islamic State illegal oil exports is conducted through
Turkey and Kurdish areas. Although Washington could curb the illegal
traffic, it has chosen to focus on other issues, a former CIA officer
told the Sputnik news agency.
He said Islamic State’s (IS, formerly ISIS/ISIL) oil revenue lifeline could be cut short, if Washington made an effort to do so.
"I do believe that," Kiriakou stressed.
IS makes about $40 million a month on oil sales, raking in close to $500 million a year, a US Treasury Department spokesperson told the news agency earlier this week.
According to Kiriakou, someone on the Turkish side of the border has been making enough money out of it. "There are too many vested interests involved for it to stop. They greased the right people."
ISIS nets $50m a month from smuggled oil, sells crude at super low price up to $10 p barrel http://on.rt.com/6uja
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