Middle East Eye, By Nafeez Ahmed, July 31
Key allies in the US and UK led war on Islamic State (IS) are covertly financing the terrorist movement according to senior political sources in the region. US and British oil companies are heavily invested in the murky geopolitical triangle sustaining IS’ black market oil sales.
The Kurdish Regional Government (KRG) in Iraq and Turkish military intelligence have supported secret IS oil smuggling operations and supplied arms to the terror group, according to Kurdish, Iraqi and Turkish officials.
One British oil company in particular, Genel Energy, is contracted by the KRG to supply oil for a major Kurdish firm accused of facilitating IS oil sales to Turkey. The Kurdish firm has close ties to the Iraqi Kurdish government.
Genel operates in the KRG with the backing of the British government, and is also linked to a British parliamentary group with longstanding connections to both the British and KRG oil industries.