• 5 minutes 'No - Deal Brexit' vs 'Operation Fear' Globalist Pushback ... Impact to World Economies and Oil
  • 8 minutes China has *Already* Lost the Trade War. Meantime, the U.S. Might Sanction China’s Largest Oil Company
  • 12 minutes Will Uncle Sam Step Up and Cut Production
  • 15 hours OPEC will consider all options. What options do they have ?
  • 9 hours Danish Royal Palace ‘Surprised’ By Trump Canceling Trip
  • 12 hours Trump vs. Xi Trade Battle, Running Commentary from Conservative Tree House
  • 4 hours Not The Onion: Vivienne Westwood Says Greta Thunberg Should Run the World
  • 11 hours NATGAS, LNG, Technology, benefits etc , cleaner global energy fuel
  • 3 hours What to tell my students
  • 9 hours A legitimate Request: France Wants Progress In Ukraine Before Russia Returns To G7
  • 23 hours Recession Jitters Are Rising. Is There Reason To Worry?
  • 18 hours With Global Warming Greenland is Prime Real Estate
  • 16 hours China Threatens to Withhold Rare Earth Metals
  • 1 day TRUMP'S FORMER 'CHRISTIAN LIAISON' SAYS DEEPWATER HORIZON DISASTER WAS GOD'S PUNISHMENT FOR OBAMA ISRAEL DIVISION
  • 1 day Maybe 8 to 10 "good" years left in oil industry * UAE model for Economic Deversification * Others spent oil billions on funding terrorism, wars, suppressing dissidents, building nukes * Too late now
  • 1 day CLIMATE PANIC! ELEVENTY!!! "250,000 people die a year due to the climate crisis"

Coalition Air Strike Wipes Out 80+ ISIS Oil Tank Trucks

Syria war

A coalition forces air strike in Syria has destroyed 83 oil tank trucks used by ISIS to transport crude, which is the group’s major source of funding. The U.S.-led operation took place on Sunday evening—according to Pentagon spokesman Matthew Allen—near Syria’s border with Iraq, in the province of Deir Ezzor.

Allen added that it was part of the larger Tidal Wave II operation whose ultimate goal is to destroy ISIS’ oil-smuggling activities, depriving the terrorist organization of its main means of supporting itself.

All forces engaged in the fight against ISIS are focusing primarily on oil targets. A couple of weeks ago, the Syrian army managed to regain control of several key points along an important oil pipeline in Al-Badia, in western Syria.

ISIS itself has not been idle, either, last week attacking the largest oilfield in the Iraqi region of Kirkuk, which contributes around a third of the Kurdistan Regional Government’s oil revenues. The organization also blew up five other fields near Mosul in an attempt to stop the advance of the Iraqi army.

The efforts of the coalition forces, Russia, and the Syrian and Iraqi armies seem to be paying off: according to a report by Iraqi News, the group has lost some 90 percent of its oil revenues.

Security sources from the ministry of oil said that ISIS had been smuggling at least 50 vehicles full of oil every day from oilfields in Qayyarah and Najma. The two sites stand south of Mosul—the largest ISIS stronghold and the third largest city in Iraq by population.

But new offensives against the terrorist organization have reduced the smuggling rate to five vehicles a day. ISIS’ prices for the smuggled oil, which once stood above $6,000 a vehicle, have now been reduced to $2,000.

After ISIS lost control of the Alas and Hamrin oilfields near Tikrit last April, the group’s income declined by an additional $1 million every day.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | 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