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<p>We estimate that Daesh generates around $1.5 million a day in revenue from oil
sales, equating to a daily crude production of between 34000 and 40000 barrels. The
oil comes primarily from fields in Northern Syria. The vast majority is consumed by
Daesh, sold within the territory it controls, or smuggled into regional black markets.
The only Government we have evidence of being involved in purchasing oil from Daesh
is the Assad regime.</p><p>Individuals involved in brokering oil deals between Daesh
and the Assad regime have been sanctioned by the EU. The UK has also led efforts at
the UN to make it illegal for any state, company or individual to trade in oil or
oil products with Daesh, including co-sponsoring UN Security Council Resolution 2199
in February 2015. We work closely and continually with allies, particularly in the
region, to ensure Resolution 2199 is implemented, sanctions are enforced and all smuggling
is stopped.</p>
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