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Dec 28th 2015, 00:00
Zero Hedge: 12,000 Oil Tanker Trucks Parked At Iraq-Turkey Border Aren't Carrying ISIS Crude, Kurds Swear
In our classic piece "ISIS Oil Trade Full Frontal: "Raqqa's Rockefellers", Bilal Erdogan, KRG Crude, And The Israel Connection," we discussed how Masoud Barzani and the Iraqi Kurds transport some 600,000 b/d of crude to the Turkish port of Ceyhan in defiance of SOMO amid an ongoing budget dispute between Baghdad and Erbil.
Turkey facilitates this trade and we suggested that ISIS (which Turkey is suspected of supporting in order that the group might continue to destabilize Assad) may be using the same networks to get its illicit oil to market.
There's some evidence that links ISIS to Ceyhan. As documented in an academic study by George Kiourktsoglou and Dr Alec D Coutroubis, tanker rates at Ceyhan seem to spike around significant oil-related events involving Islamic State. Here's the chart:
WNU Editor: If true .... I am sure that Baghdad is not happy with seeing all of this oil activity occurring without their say-so.
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Source : http://www.coolnsmart.com/wise_quotes/
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