Oil production and smuggling in the Islamic State information
Oil production and smuggling was the largest source of revenue for the finances of the Islamic State (IS or ISIS)[1][2] in Syria and Iraq until the complete loss of its territory in 2019. Most oil extracted was distributed for use within the Islamic State, but some was also smuggled to surrounding states at below market price.
Oil products, e.g. petrol and mazout, were the backbone of the economy of ISIL-controlled areas, with mazout being the preferred power source for small-scale electricity generators.[2] Not all energy production was provided by oil,[3] and some electric power supply was continued to Syrian government-held areas.[4]
Oil production in the Islamic State developed over time, reaching its peak in 2014.[5] Due to military interventions, IS subsequently lost all of its territory in Syria and Iraq.[5][6]
^Cite error: The named reference cosgrove was invoked but never defined (see the help page).
^ abErika Solomon; Guy Chazan; Sam Jones (14 October 2015). "Isis Inc: how oil fuels the jihadi terrorists". Financial Times. Retrieved 16 November 2015.
^Harry Istepanian (22 September 2014). "Iraq's electricity: from crisis to ISIS". Power Engineering International. Retrieved 18 November 2015.
^Fisher, Max (12 June 2014). "How ISIS is exploiting the economics of Syria's civil war". Vox. Retrieved 17 June 2014.
^ abHollie McKay (11 September 2017). "ISIS still stealing, spilling and smuggling oil throughout Iraq". Fox News. Retrieved 1 November 2017.
^"Trafficking in Oil and Antiquities Benefitting the Islamic State of Iraq and the Levant (ISIL)". Rewards for Justice.
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