Iraq fears Islamic State may be smuggling its oil to export markets


  • World
  • Wednesday, 20 Aug 2014

BAGHDAD (Reuters) - Iraq said on Wednesday it was troubled by reports that Islamic State militants were smuggling oil to export markets and warned the purchase of such supplies could help the group fund its operations.

Iraq reiterated that only the Ministry of Oil was authorised to carry out sales - an apparent swipe at the Kurdish region - and buyers who dealt with other parties risked punishment such as sanctions.

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