Islamic state

Tanker docks at Libya’s Es Sider port to load first crude cargo in two years

Es Sider one of four ports seized in September by forces loyal to Khalifa Hartar BENGHAZI, Libya, Dec 19 (Reuters) – An oil tanker docked at the east Libyan port of Es Sider on Monday to load the first cargo of crude since the terminal reopened following a two-year closure, port officials said. Es Sider, Libya’s […]

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Islamic State ‘caliphate’ shrinks 12% in 2016, oil revenues down – IHS

“For groups like the Islamic State, the battle for hearts and minds is just as important, if not more important, than the military confrontation” Territory controlled by the Islamic State shrunk by 12 per cent in the first six months of 2016, according to new analysis released by IHS Inc. In 2015, the Islamic State’s

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Islamic State’s new taxes, fines indicate worsening financial situation – IHS

New fines since Dec. 2015: Not trimming one’s beard, leaving house door open, repairing or installing satellite dishes LONDON- In response to their worsening financial situation, the Islamic State is continuing to increase, taxes and fines throughout its territory and in some cases introducing new ones. New analysis released by international consultancy IHS Inc. reveals new

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ISIS turns to selling fish, cars to offset oil losses -report

Coalition airstrikes have reduced ISIS oil income   By Stephen Kalin BAGHDAD, April 28 (Reuters) – ISIS earns millions of dollars a month running car dealerships and fish farms in Iraq, making up for lower oil income after its battlefield losses, Iraqi judicial authorities said on Thursday. Security experts once estimated the ultra-radical Islamist group’s

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Islamic State lost 22% of territory in past 15 months due to declining oil revenues

 “The Islamic State is increasingly isolated, and being perceived as in decline.” – IHS report on ISIS A new report says the Islamic State is rapidly losing territory, partly because much of the Islamic fundamentalist group’s oil revenue dried up as a result of US-led Coalition and Russian airstrikes during 2015. According to IHS Inc., between Jan. and Dec. 2015,

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Islamic State monthly revenue totals $80 million – IHS

43% of Islamic State revenue from oil, but Turkish anti-smuggling efforts cutting into illegal sales LONDON, UK – Most of the Islamic State’s funding comes from taxation on economic activity and basic services in areas under its control, according to new analysis released by IHS Inc. Analysis of open source intelligence, including social media, conducted

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