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| Terror Networks |
| Islamic State’s oil revenue dives as it loses Iraqi territory |
| 2016-07-29 |
| [The Hindu] The Islamic State ...formerly ISIS or ISIL, depending on your preference. Before that al-Qaeda in Iraq, as shaped by Abu Musab Zarqawi. They're very devout, committing every atrocity they can find in the Koran and inventing a few more. They fling Allaharound with every other sentence, but to hear the pols talk they're not reallyMoslems.... (IS), 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 code. The jihadist group has lost control of a series of oil fields, and is having to sell what production that remains at steep discounts to persuade truck drivers to collect it and run the gauntlet of U.S.-led air strikes. Alongside taxes, ransoms and antiquities trading, oil has been a major fundraiser for IS operations. At one point, it made millions of dollars a month in sales to neighbouring Syria and Iran, or to makeshift local refineries. |
| Posted by:Fred |
| #1 Maybe Turkey stopped buying? |
| Posted by: Skidmark 2016-07-29 11:37 |