DIP IN OIL BUSINESS FOR IS­LAMIC STATE

Qatar Today - - BUSINESS > OIL&GAS -

Areport from the In­ter­na­tional En­ergy Agency in Paris has just es­ti­mated that Is­lamic State con­trols only about 20,000 bar­rels of daily oil pro­duc­tion, down from about 70,000 in Au­gust. Most of it re­mains in Iraq. It seems that though the airstrikes have failed to keep Is­lamic State from ad­vanc­ing in the field, they have ap­par­ently suc­ceeded in dis­man­tling its so­phis­ti­cated oil net­work, re­duc­ing the move­ment's abil­ity to make gaso­line and diesel for its tanks and trucks and cut­ting off a vi­tal source of fund­ing. (Source: Bloomberg Busi­nessweek)

AFP PHOTO/AHMAD AL-RUBAYE

A pic­ture taken on Au­gust 10 shows a chim­ney at an oil field in Sheikhan, north­east of the city of Mo­sul in north­ern Iraq and near

the Kur­dish city of Do­huk, an area where

Kur­dish Pesh­merga forces are fight­ing to stop the ad­vance of Is­lamic State fight­ers.

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