ISIS earning $1M per day from Iraqi oil smuggling. By By Mohammed Hussein, Christine van den Toorn, Patrick Osgood and Ben Lando

Hundreds of tankers wait to cross into Iran in one of several lots near the Parwezkhan border crossing in Diyala province, Nov 6, 2013. The fuel and oil trade has long been active. ()   TUZ KHURMATU - Since invading huge swaths of northern and central Iraq, the Islamic State of Iraq and al-Sham (ISIS) has been smuggling increasing amounts of crude scavenged from Iraq's s

Read More

Platts: Kurds have oil obstacles to face. By Daniel J. Graeber

HOUSTON, July 2 (UPI) --HOUSTON, July 2 (UPI) --A lack of infrastructure in the Kurdish north of Iraq could be an inhibiting factor in the region's oil development, analysis from Platts finds. Platts Oilgram News reports the semiautonomous Kurdistan Regional Government is engaged in a "war of words" with Baghdad over jurisdiction of oil in the country. KRG oil sent from the T

Read More