• 5 minutes Trump will capitulate on the trade war
  • 7 minutes China 2019 - Orwell was 35 years out
  • 12 minutes Glory to Hong Kong
  • 15 minutes ABC of Brexit, economy wise, where to find sites, links to articles ?
  • 9 hours Peaceful demonstration in Hong Kong again thwarted by brutality of police
  • 3 hours Here's your favourite girl, Tom!
  • 19 hours Civil Unrest Is Erupting All Over The World, But Just Wait Until America Joins The Party...
  • 15 hours Wonders of US Shale: US Shale Benefits: The U.S. leads global petroleum and natural gas production with record growth in 2018
  • 3 hours Canada Election Deadlock?
  • 3 hours IMO 2020:
  • 20 hours Australian Hydroelectric Plant Cost Overruns
  • 17 hours China's Blueprint For Global Power
  • 13 hours Nigeria Demands $62B from Oil Majors
  • 2 hours Clampdown on Chinese capital flight is shutting down their commercial construction in US
  • 20 hours Ford Planning Huge North American Charging Network
  • 13 hours Deepwater GOM Project Claims Industry First
Alt Text

US Shale Production Is Set For A Steep Decline

The once-booming U.S. shale revolution…

Alt Text

Bearish Inventory Report Sends Oil Prices Lower

Crude oil prices fell further…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

ISIS Sets Fire To Oil Wells Near Iraq’s Kirkuk

Islamic State militants set ablaze on Saturday three oil wells near an area still under their control west of the oil city Kirkuk, to try to stop the advance of U.S.-backed Iraqi forces that are driving them out of one of their last positions in Iraq, oil and military officials told Reuters on Monday.

The ISIS terrorists have torched the three fields near Hawija, and Iraqi security forces used bulldozers to control the fires. The blaze at one of the oil fields has been controlled, while the other two fields were still burning as of Monday. According to military officials who spoke to Reuters, putting out the fires will take three days or so.

“Terrorists are trying to use the rising smoke to avert air strikes while retreating from the area toward Hawija,” army Colonel Mohammed al-Jabouri told Reuters.

Last month, the Iraqi Security Forces started operations to liberate western Anbar and Hawija, the two final locations in Iraq where ISIS still holds territory.

“During the past week, the coalition has supported the ISF with 28 strikes on ISIS targets in Hawija and another 37 strikes in Western Anbar. It is clear that ISIS terrorists are overwhelmed and outmatched by the strength of the ISF. Daesh is losing ground and are failing in every battle, and soon, ISIS will have no sanctuary anywhere in Iraq,” Colonel Ryan Dillon, the spokesman for Combined Joint Task Force-Operation Inherent Resolve, said on September 21. Related: Saudis Lead Gulf Movement To Diversify Away From Oil

The Allas oil field just south of Hawija has been one of the main sources of revenue for Islamic State militants.

Over the past two years, the U.S.-led coalition that is fighting ISIS in Iraq and Syria has managed to cut the militants’ oil revenues to less than US$4 million monthly from a peak of US$50 million, statistics by the coalition provided to USA TODAY show.  

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage



Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play