Islamic State Oil Revenues
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Satellite Photos Show Islamic State Installing Hundreds Of Makeshift Oil Refineries
With its refineries mostly destroyed and its tanker fleet under constant attack, the Islamic State is increasingly turning to low-tech alternatives for processing oil, a vital source of revenue for the terrorist group, new satellite images reveal.
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Islamic State Cuts Fighters' Wages In Fund Crunch: Report
Islamic State has cut its fighters' salaries by 50 percent in Syria as air strikes continue to target oil fields, supply lines and cash stores, affecting its revenue streams, The Independent reported.
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US Says ISIS Has Made $1.5 Billion From Bank Looting, Oil Sales
ISIS terrorists have looted up to $1 billion from bank vaults in Syria and Iraq and has made at least another half a billion dollars from black market oil sales, senior US Treasury official Adam Szubin said on Thursday.
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Islamic State Revenues Hit by Lost Iraqi Oil Fields: Report
The Islamic State group has lost control of "at least three large oil fields" in Iraq, depriving the jihadists of a crucial source of income, a German newspaper report said Thursday.
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US Says Air Strikes Cutting Islamic State Militants Oil Revenues
US air strikes are beginning to choke off the flow of oil revenues to Islamic militants, cutting their income by several million dollars a week, a top US official said Thursday.
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Arab conflicts: Saudi Royals spend billions to buy peace
As one nation after another has battled uprisings across the Arab world, the one major country spared is also its richest -- Saudi Arabia, where a fresh infusion of money has so far bought order. The kingdom is spending $130 billion to pump up salaries, build housing and finance religious organizations, among other outlays, effectively neutralizing...
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Satellite Photos Show Islamic State Installing Hundreds Of Makeshift Oil Refineries
With its refineries mostly destroyed and its tanker fleet under constant attack, the Islamic State is increasingly turning to low-tech alternatives for processing oil, a vital source of revenue for the terrorist group, new satellite images reveal.
-
Islamic State Cuts Fighters' Wages In Fund Crunch: Report
Islamic State has cut its fighters' salaries by 50 percent in Syria as air strikes continue to target oil fields, supply lines and cash stores, affecting its revenue streams, The Independent reported.
-
US Says ISIS Has Made $1.5 Billion From Bank Looting, Oil Sales
ISIS terrorists have looted up to $1 billion from bank vaults in Syria and Iraq and has made at least another half a billion dollars from black market oil sales, senior US Treasury official Adam Szubin said on Thursday.
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Islamic State Revenues Hit by Lost Iraqi Oil Fields: Report
The Islamic State group has lost control of "at least three large oil fields" in Iraq, depriving the jihadists of a crucial source of income, a German newspaper report said Thursday.
-
US Says Air Strikes Cutting Islamic State Militants Oil Revenues
US air strikes are beginning to choke off the flow of oil revenues to Islamic militants, cutting their income by several million dollars a week, a top US official said Thursday.
-
Arab conflicts: Saudi Royals spend billions to buy peace
As one nation after another has battled uprisings across the Arab world, the one major country spared is also its richest -- Saudi Arabia, where a fresh infusion of money has so far bought order. The kingdom is spending $130 billion to pump up salaries, build housing and finance religious organizations, among other outlays, effectively neutralizing...
