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Islamic State: Oil

Question for Foreign and Commonwealth Office

UIN 20770, tabled on 4 January 2016

To ask the Secretary of State for Foreign and Commonwealth Affairs, what steps the Government has taken in identifying countries and individuals buying oil from Daesh.

Answered on

12 January 2016

The majority of Daesh’s oil is refined and sold within the territory it controls. We have no evidence that foreign Governments are involved in buying oil from Daesh. But we do have evidence of individuals, including ones linked to the Asad regime, buying oil from Daesh. There is also some smuggling across borders in the region of oil from Daesh-controlled areas. The UK has led UN and EU efforts to make it illegal for states, individuals or companies to trade in oil or oil products with Daesh. UN Security Council Resolutions 2199 and 2253, which the UK helped pass, require countries to freeze Daesh’s assets and prohibit any person from making funds or economic resources available to Daesh. We continue to identify individuals to target under the UN and EU sanctions regimes. In September, for example, at our request the names of five British citizens fighting with Daesh were added to the UN’s sanctions list, and individuals involved in brokering oil deals between Daesh and the Assad regime have been sanctioned by the EU.