daesh fighters drawing on oil assets for funding and fuel
Last Updated : GMT 09:07:40
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Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Daesh fighters drawing on oil assets for funding and fuel

Egypt Today, egypt today

Egypt Today, egypt today Daesh fighters drawing on oil assets for funding and fuel

Daesh fighters
Washington - MENA

Oil has helped fund and fuel the self-declared Islamic State in Iraq and Syria, with small amounts coming from fields in northern Iraq and being smuggled across the borders in tanker trucks.
A tiny drop in the sea of petroleum globally, the oil tapped by Daesh has given it a revenue source most extremist groups lack, according to the Washington Post.
But the oil installations and tanker trucks could be targets for the U.S.-led coalition that hopes to cripple the self-proclaimed caliphate. And the poor quality of crude oil in northern Iraqi fields and the steep cost of smuggling probably limited earnings to $1 million a day over the summer, according to oil industry sources.

 

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daesh fighters drawing on oil assets for funding and fuel daesh fighters drawing on oil assets for funding and fuel



 
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