They also have their own small and rudimentary refineries in Syria . Terrorist group also owns some oil fields in North Iraq , which helps fund its operations . The group is using smuggling routes to get crude into nearby countries , and refine it . The refined oil is then sold locally and used to fund militants ' warfare and raise money . The impact on global markets has so far been limited as ISIS is not in southern Iraq .
Terrorist group also owns some oil fields in North Iraq , which helps fund its operations . The group is using smuggling routes to get crude into nearby countries , and refine it . The refined oil is then sold locally and used to fund militants ' warfare and raise money . The impact on global markets has so far been limited as ISIS is not in southern Iraq .