Tag: IS
ISIS oil revenue dives as it loses Iraqi territory
ISIS oil revenue nearly collapsed By Ahmed Rasheed BAGHDAD, July 28 (Reuters) – Islamic State, pushed off more than half the Iraqi territory it seized in 2014, has suffered a near collapse in revenue from oil smuggling, officials say, forcing it to cut fighters’ pay, levy new taxes and raise fines for breaking its religious […]
US raid that killed ISIS leader led to extremists’ oil targeting plan: Envoy
ISIS leader killed in May WASHINGTON _ A U.S. military raid that killed an Islamic State leader in Syria last spring yielded intelligence that allowed the U.S. to more effectively target the extremist group’s oil revenues, the State Department’s top diplomat for energy affairs said Tuesday. Amos Hochstein, a special envoy and co-ordinator for international […]
ISIS: US special operations force in Iraq expanded, oil revenues one target
Troops will assist Iraqi, Kurdish forces battling ISIS WASHINGTON _The U.S. will deploy a new special operations force to the Middle East to help fight Islamic State militants in Iraq and Syria, Defence Secretary Ash Carter said Tuesday. Carter told the House Armed Services Committee that over time, these special operators will be able to […]
283 ISIS oil tanker trucks destroyed by US military over the weekend
Attack on ISIS oil tankers part of broader oil targeting campaign WASHINGTON _ Accelerating its attacks on one of the Islamic State’s most important sources of income, the U.S. military said Monday it destroyed 283 tanker trucks used by the militants to transport oil from producing fields in eastern Syria to smuggling points. The attack […]
Airstrikes hurt, but unlikely to halt, ISIS oil smuggling operations
ISIS oil smuggling generate nearly $50M a month BEIRUT _ The United States and Russia are going after the Islamic State group’s oil industry, destroying refineries and hundreds of tanker trucks transporting oil from eastern Syria in a heavy bombardment in recent days aiming to break the extremists’ biggest source of income. The campaign already […]
Russian bombers strike ISIS targets in Syria, including oil refineries, oil trucks
ISIS oil refineries, ammunition depot, explosives factories hit MOSCOW _ Russian strategic bombers struck targets in Syria Thursday in a third straight day of a heavy bombing blitz, military officials said. Russia, which has conducted air campaign in Syria since Sept. 30, sharply raised its intensity this week on President Vladimir Putin’s orders. Putin told […]
Islamic State oil sales: Up to $50M a month, despite US attempt to rein it in
Islamic State oil sales – oil may be priced as low as $10 a barrel BAGHDAD – The Islamic State rakes in up to $50 million a month from selling crude from oilfields under its control in Iraq and Syria, part of a well-run industry that U.S. diplomacy and airstrikes have so far failed to shut down, […]
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