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ISIS Takes Iraq's 'Biggest' Oil Refinery: Now Have Unlimited Fuel and Cash Source — Can Manipulate Oil Price on Global Market

Screen capture from YouTube video.
Screen capture from YouTube video.
By BBC
Sunni rebels in Iraq say they have fully captured the country's main oil refinery at Baiji, north of Baghdad.

The refinery had been under siege for 10 days with the militant offensive being repulsed several times.

The complex supplies a third of Iraq's refined fuel and the battle has already led to petrol rationing.

Insurgents, led by the group Isis, have overrun a swathe of territory north and west of Baghdad including Iraq's second-biggest city, Mosul.

They are bearing down on a vital dam near Haditha and have captured all border crossings to Syria and Jordan.

A rebel spokesman said the Baiji refinery, in Salahuddin province, would now be handed over to local tribes to administer.

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