Iraq: How Iraq's Black Market in Oil Funds ISIS

Aug 19, 2014 | CNN
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ISIS control just a few marginal fields in Iraq's north, but they are enough to fund the terrorist group's self-sufficiency.

A month ago, the ISIS--controlled oil market in Iraq was reported to be worth $1 million a day. Now, with expansion, further control of oil fields and smuggling routes, the market is believed to be raising around $2 million a day.This could fetch them $730 million a year, enough to sustain the operation beyond Iraq.