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The millions of dollars is is making from smuggling oil may sound like a lot, but the group also has a lot of costs. Paying salaries and buying weapons is one of them, but Shatz of rand corporation says that as a group acting as a state, it needs to provide writing services to the people in its territories. Just to provide the basics of electricity, water, and other administrative services, the Iraqi government spent far more in the past in is controlled territory than the 2 million-per-day or so the militant group is earning. Ruling with an iron fist will work for now, but if is is to last, it will need more cash. Air strikes may succeed in destroying vehicles and other military equipment under is control, but cutting off the flow of money specifically from oil smuggling will likely go further in weakening the Islamic State. Source: ml, by nick cunningham.
Is is aggressively trying to expand, but oil remains at the heart of its fundraising strategy. The militant group has tried several times since june to take over the massive baiji refinery, which is 130 miles north of Baghdad. The refinery can process about 310,000 barrels of oil per day, and is a critical piece of infrastructure that the Iraqi government is desperate to hold onto. In recent days, is has renewed its attacks on the refinery, firing mortar rounds and hitting a storage tank, according. Luay al-Khatteeb of Brookings said if they do capture the refinery, is will struggle to operate the huge facility without the expertise of technical staff. Nevertheless, it remains a prize for the organization. Related: Alls fair In love and War And Oil.
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But as is operations grew, they forced out the middlemen, beat back other militant groups, and are essay now providing security to their own convoys of oil tanker trucks heading out of their territory to market. The group then uses the revenues to finance its operations, pay salaries — including support for family members of militant members, even after their death — and sign up new recruits. The economic lifeline for is will certainly be a top priority for the United States. Up until now, the. Military has not targeted the tanker trucks that flow outwards from is-controlled territory. But an Obama administration official told the times that remains an option. The tankers are clearly visible from the sky should any drone pass overhead, so the smuggling is not particularly furtive, howard Shatz, a senior economist with the rand corporation, writes.
The roads that tankers use could also be destroyed in order to disrupt the money trail. Another target could be mobile refineries, Shatz says, which is uses to refine crude oil into useful petroleum products. Along with smuggling crude oil, is sells paper refined products to local markets. But even though these mobile refineries provide is with income, they do not have enough capacity to process all the oil coming from is territories. There are some larger refineries in Iraq, syria, and Turkey that refine is oil.
Related: Eliminating The Scourge Of Islamic State In Iraq. Is controls territory in central and northern Iraq, and is thought to be producing between 25,000 and 40,000 barrels per day (bpd). Since they cannot sell this oil legitimately, they smuggle it and sell it on the black market. Some energy analysts think is could be pulling in between.2 and 2 million per day. The key gateway through that black market is the southern corridor of Turkey, luay al-Khatteeb, a fellow at the Brookings Institutes Doha center, told the times.
Turkey is becoming part of this black economy. Turkey, no friend of is, is hesitant to help because 49 Turkish diplomats are currently being held hostage by is in Iraq. They were taken during the initial is onslaught in June. Smuggled oil could be a pivotal issue for the. As it seeks to destroy. The militant group sells oil at a reduced price perhaps around 25 per barrel. At first, it sold the oil to middlemen, who moved the oil to Iran, syria, jordan and Turkey.
Processing and Production, business
While the oil is primarily used as an ingredient in food and detergents - such as margarine, cooking oil, soaps, and shampoos - it is increasingly being used as a biofuel. For years, several green groups have been campaigning against the palm industry, which they say destroys wildlife habitat, causes widespread forest loss and releases internet huge quantities of greenhouse gases into the atmosphere, primarily in southeast Asia. Together, malaysia and Indonesia produce 85 percent of the world's palm oil. "Malaysia, indonesia palm oil groups unite against critics afp, ; "Indonesia, malaysia seek wto advice on eu biofuel policy reuters, ; "The eu must reshape its palm oil policies malaysia star, ; "move to have wto's ear on palm oil fight malaysia business times. President Barack Obamas announcement of an open-ended plan for airstrikes on the Islamic State (is the. And its allies will need to degrade the power and influence of the sunni jihadist group, and that means reducing its incoming flow of oil money. And the Obama administration seems aware of that, according. New York times article that reports that the President and. Diplomats are pressuring Turkey to cut off the stream of oil smuggled across its border.
However, the eu has put in writing place a system of checks and balances to ensure that these biofuels are sustainable. Notably, biofuels entering the eu market must be at least 35 percent more carbon efficient than fossil fuels, and cannot be derived from cleared forest or wetlands. In practice, these sustainability criteria would keep Malaysian and Indonesian palm oil off the eu market, while european rapeseed biodiesel, for example, would fulfil the criteria. According to dompok, the sustainability criteria represent green protectionism. Purboyo guritno, indonesian Palm Oil Association Chair, said his industry has been victimised by developed country environmental activists. "Indonesia and Malaysia must take a more proactive approach in protecting the growth of the oil palm industry that supports tens of millions of livelihoods he stressed. The environmental claims of certified sustainable palm oil has been in question recently as Unilever - the world's largest purchaser of palm oil - blacklisted two major roundtable on Sustainable palm Oil (rspo) members in Indonesia for engaging in "unsustainable" practices (see bridges Trade biores.
leading Producers and Exporters of food and Cash Crops from Cameroon. We own farms of diverse number of agricultural products and also act as exporter of products from small scale producers in partnership with. Our products are exported in either primary, semi. At a recent meeting among Malaysian and Indonesian palm oil producers, tan Sri bernard Dompok - the malaysian Plantation Industries and Commodities Minister - said the european Renewable Energy directive unfairly excluded palm oil from the eu market. The meeting on 3 may launched a new grouping of six Malaysian and Indonesian palm oil producer associations, the Indonesia-malaysia palm Oil Group, which will seek to address concerns over the sustainability of their operations. Dompok said he would consult informally with his Indonesian counterpart regarding the possibility of launching a dispute at the wto to redress the situation, and seek legal advice from the wto. Under a new directive on renewable energy, which was adopted last year and enters into force by the end of this year, biofuels must make up ten percent of transport fuel in eu countries.
Trust is the main reason we are able to stand strong on a homework steadfast structure for the past years. From connecting people on a heart-to-heart level to enriching all aspects of their lives, the trust we have in others have always been a pillar of strength and motivation for everyone's success. The cameroon development Corporation is an Agro-Industrial Complex that grows, processes and markets tropical export crops. It operates in Cameroon in the central African sub-region. It's operations management is directed by a general Manager and governed by a board of Directors also headed by a chairman. Currently, its plantations cover a total of approximately 38,000 Hectares of land and constitutes a workforce of over 9,000 employees making it the second highest employer after the state. 50- 51, rond point Salle des Fetes, akwa. Rocketbiz trade invest is a trading company in Cameroon just registered last year. We purchase and sale all kinds of textiles related end products.
A business proposal on the establishment of palm oil, mill industry
We deal in the export and supply of Agro pulses, Organic Agro food and Agriculture food Grains. Today, we are well reckoned as one of the celebrated Agri-business Exporters in Central Africa. We enjoy the benefit of global presence by virtue of dominant proficiency in procuring quality agro-products for needed our clients to the specification of international standard and sell these. Oue company was created since 2002 with the purpose of marketing the products of our local farmers, so as to provide a steady and secured market for our local farmers. G traders are wholesale distributors of the highest quality goods of different kinds. The goods we import depends on our costumers demands. G traders, our foundations are based on trust.