• 5 minutes Global Economy-Bad Days Are coming
  • 8 minutes IT IS FINISHED. OPEC Victorious
  • 14 minutes Venezuela continues to sink in misery
  • 17 minutes Could Tesla Buy GM?
  • 1 hour Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 6 hours OPEC Cuts Deep to Save Cartel
  • 6 hours Rage Without Proof: Maduro Accuses U.S. Official Of Plotting Venezuela Invasion
  • 9 hours U.S. Senate Advances Resolution To End Military Support For Saudis In Yemen
  • 2 hours How High Can Oil Prices Rise? (Part 2 of my previous thread)
  • 18 hours Price Decline in Chinese Solar Panels
  • 4 hours What will the future hold for nations dependent on high oil prices.
  • 2 hours Sleeping Hydrocarbon Giant
  • 2 hours USGS Announces Largest Continuous Oil Assessment in Texas and New Mexico
  • 7 hours And the War on LNG is Now On
  • 5 hours Air-to-Fuels Energy and Cost Calculation
  • 19 hours Rigs Down
Geopolitical Stakes Are Huge On This Tiny Island

Geopolitical Stakes Are Huge On This Tiny Island

From both a geopolitical and…

Iran Widens Discount For Crude To Asia

Iran Widens Discount For Crude To Asia

Iran has deepened the discount…

Iraqi Army Kills ISIS ‘Oil Minister’ Near Mosul

AC130 gunship

A high-ranking terrorist with the Islamic State, the so-called ISIS ‘oil minister’ Abu Izzam, was killed by Iraqi counter-terrorism forces east of Mosul on Monday, Fars news agency reports, quoting the anti-terrorism forces commander Wahab al-Saedi.

“Abu Izzam, ISIL’s oil minister, was killed by Iraqi security forces during the operations in areas and villages East of the city of Mosul,” al-Saedi said, as quoted by FNA.

Oil is a major source of income for the Islamic State terrorists, but their revenues have been dwindling with the advance of the Iraqi forces. In the summer, Iraqi media reported that the terrorists’ oil revenues had shrunk by up to 90 percent.

 

In June of this year, the ISIS ‘oil ministry’ headquarters near Mosul was destroyed in ground and air strikes.

Then, in the middle of October, a massive offensive to free Mosul from Islamic State began, involving the Iraqi army, its U.S.-led coalition allies and the Peshmerga, the armed forces of the Kurdistan autonomous region.

Mosul has been under the terrorist group’s control since 2014 and is the largest stronghold of Islamic State in Iraq. Restoring government control over it is seen as a turning point in the fight against the terrorists.

Related: The Wider Ramifications Of The OPEC Deal

In the ongoing battle, Iraqi forces regained control over four villages north of Mosul on Sunday, according to Fars news agency.

Again yesterday, U.S. and coalition military forces destroyed near Mosul mortar systems, four ISIS-held buildings, vehicles, a vehicle bomb factory, and a front-end loader, the U.S. Department of Defense said today.

Peter Cook, spokesman for the Pentagon, tweeted on Saturday an update from the Secretary of Defense Ash Carter:

“This is a complex mission that will take time to accomplish, but I am confident ISIL's days in Mosul are numbered.”

By Tsvetana Paraskova 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