OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

ISIL’s oil revenues decimated as smuggling routes turn into death traps

Posted by ipso facto @ 18:28 on July 30, 2016  

BAGHDAD — ISIL, 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.

cont. http://business.financialpost.com/news/energy/islamic-states-oil-revenues-decimated-as-smuggling-routes-turn-into-death-traps?__lsa=e100-213c

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Go to Top

Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.