Friday, April 10, 2015

Islamic State's Oil Industry Has Been Crippled

An Iraqi soldier looks on as smoke rises from oil wells in the Ajil field east of the city of Tikrit in the Salahuddin province, March 4, 2015. REUTERS/ MAHMOUD RAOUF

Deutsche Welle: IS losing oil fields, income, says Germany's BND

The "Islamic State" terror militia has lost control of oil fields it seized last year in Iraq, depriving it of crucial income. That's according to multiple reports in Germany citing Germany's BND intelligence agency.

Munich's Süddeutsche (SZ) newspaper and two German public broadcasters NDR and WDR jointly reported Thursday that the BND had concluded that the IS had hardly any Iraqi oil to sell for cash or to even sustain supplies within its self-declared Caliphate.

They said a special report submitted to the German government attributed the reversal to counter-offensives in northern Iraq - by Kurdish Peshmerga fighters and the retaking of Tikrit city by Iraqi security forces and militias last week.

More News On The Crippling Of The Islamic State's Oil Industry

ISIS revenues hit after it loses ‘large oil fields’ in Iraq -- AFP
German spies report Isis losing control of oil -- Thelocal.de
Islamic State Loses Control of Three Large Iraq Oil Fields - Reports -- Sputnik
Islamic State Loses Iraqi Oil Fields, Crucial Income -- Radio Free Europe
ISIS Now Only Controls a Single Oil Field in Iraq -- Epoch Times

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