‘Jihadists control all of Syria’s main oilfields’

In this April, 1975 file photo, Syria opens its fourth oil field at Jbeissah, 19 miles west of the Iraq border in April 1975. Islamic militants seized an eastern Syrian oil field near Iraq and inched closer to the Turkish border on Friday, July 4, 2014

BEIRUT — The jihadi group ISIS now fully controls all of Syria’s main oil and gas fields in Deir Ezzor province bordering Iraq, a monitoring group said on Friday.

ISIS, which now calls itself simple the “Islamic State” (IS), has declared an “Islamic caliphate” in areas it controls in Syria and Iraq, where it is spearheading an offensive against government forces.

“IS took control of the Tanak oilfield, located in the Sheiytat desert area in the east of Deir Ezzor province,” late on Thursday after rival rebels withdrew, the Syrian Observatory for Human Rights said.

Earlier the same day, the jihadists seized the major Al-Omar oilfield.

They have still not captured the tiny Al-Ward field, which produces barely 200 barrels of oil per day and is in the hands of a local tribe, Observatory director Rami Abdel Rahman said…

Discussion of who is buying the oil and the consequences here.