0 $
2,500 $
5,000 $
1,360 $
JUNE 2021

Daesh oil revenues slumping

Support SouthFront

Latest airstrikes on strategic targets of the terrorist group have originated a significant decrease in their incomes.

Daesh oil revenues slumping

A frame grab taken from footage released by Russia’s Defence Ministry October 9, 2015, shows airstrikes carried out by the Russian air force on headquarters of Liwa Al-Haqq militant group near Raqqa, Syria. REUTERS/Ministry of Defence of the Russian Federation/Handout via Reuters

According to a report of IHS Conflict Monitor released on Monday, the refining capacity and the ability to transport oil via tanker convoys of ISIL has slumped significantly.

Russian airstrikes against ISIL in Syria started on September by request of Bashar Al Assad, and since then, strategic infrastructure of the terrorist group has been pounded, besides having denounced the existence of oil smuggling routes to Turkey mainly.

The US-led coalition has started to attack the mentioned targets more than a year after the beginning of their counter-terrorism operation in Syria.

An evidence of the decrease of the budget of Daesh are the cuts to the salaries of the militants, price hikes on electricity and other basic services and the introduction of new agricultural taxes in the territories under control of the jihadists in Iraq and Syria.

The report also informed that the group keeps having a $80 million monthly budget as a result of activities such as: confiscations, drug smuggling, kidnapping for ransom, oil and gas sales and running small real estate and transport companies in the territories under their control.

Written by Lisbeth Mechter

Support SouthFront


Notify of
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x