Islamic State seizes control of Iraq’s oil, wheat

Posted by aurelius77 on

ISIS terrorists are currently in control of seven oil fields in Iraq and large amounts of the country’s wheat supplies.

Iraqi officials said on Wednesday that the militants were holding government silos in five of Iraq’s most fertile provinces, where the United Nations World Food Program (WFP) says 40 percent of the country’s wheat is grown.

The output capacity of the ISIS-held oil fields amounts to 80,000 barrels a day, said the International Energy Agency (IEA) in a monthly oil market report on Tuesday.

The ISIS, which already held the Najma, Qayara, Himreen, Ajeel and Balad fields, managed to capture the Ain Zalah and Batma fields in Nineveh province earlier this month.

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The potential oil flow from Iraq’s ISIS-held deposits is commensurate to about $8.4 million a day on international markets.

Iraq, which has the world’s fifth-biggest crude reserves, came under a massive blitz by the ISIS militants in June.

Apart from oil, the militants have also grabbed large supplies of grain in government silos and the country’s biggest dam.

“Now is the worst time for food insecurity,” said Fadel al-Zubi, the UN Food and Agriculture Organization (FAO) representative for Iraq.

Full article: Islamic State seizes control of Iraq’s oil, wheat (Albawaba)

One response to “Islamic State seizes control of Iraq’s oil, wheat”

  1. Our “Gov’t” knows how valuable and strategic the oil and wheat are, in this year of drought and scarcity!! Yet they watch the bad guys get all the controlling factors… but let the bum in the WH play his silly golf !! I am not complaining too much, because all REAL, bible smart Christians know that these things MUST come, before the Rapture, and then the Great Tribulation.