• 1 day PDVSA Booted From Caribbean Terminal Over Unpaid Bills
  • 2 days Russia Warns Ukraine Against Recovering Oil Off The Coast Of Crimea
  • 2 days Syrian Rebels Relinquish Control Of Major Gas Field
  • 2 days Schlumberger Warns Of Moderating Investment In North America
  • 2 days Oil Prices Set For Weekly Loss As Profit Taking Trumps Mideast Tensions
  • 2 days Energy Regulators Look To Guard Grid From Cyberattacks
  • 2 days Mexico Says OPEC Has Not Approached It For Deal Extension
  • 2 days New Video Game Targets Oil Infrastructure
  • 2 days Shell Restarts Bonny Light Exports
  • 2 days Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
  • 2 days Iraq Struggles To Replace Damaged Kirkuk Equipment As Output Falls
  • 2 days British Utility Companies Brace For Major Reforms
  • 3 days Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 3 days Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 3 days Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 3 days OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 3 days London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 3 days Rosneft Signs $400M Deal With Kurdistan
  • 3 days Kinder Morgan Warns About Trans Mountain Delays
  • 3 days India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 3 days Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 4 days Russia, Saudis Team Up To Boost Fracking Tech
  • 4 days Conflicting News Spurs Doubt On Aramco IPO
  • 4 days Exxon Starts Production At New Refinery In Texas
  • 4 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 5 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 5 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 5 days China To Take 5% Of Rosneft’s Output In New Deal
  • 5 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 5 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 5 days VW Fails To Secure Critical Commodity For EVs
  • 5 days Enbridge Pipeline Expansion Finally Approved
  • 5 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 5 days OPEC Oil Deal Compliance Falls To 86%
  • 6 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 6 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 6 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 6 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 6 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 6 days Aramco Says No Plans To Shelve IPO
Zainab Calcuttawala

Zainab Calcuttawala

Zainab Calcuttawala is an American journalist based in Morocco. She completed her undergraduate coursework at the University of Texas at Austin (Hook’em) and reports on…

More Info

Iraqi Nat Gas Plant Freed from the Hands of ISIS

Iraqi army

Iraqi forces liberated the Fallujah natural gas plant held by the Islamic State on Monday, according to local news reports that cited an anonymous security source in the Anbar province.

"The security forces were able this morning to liberate Fallujah gas plant located in Shohada neighborhood south of the city,” the source said.

Government forces will continue their efforts to free the area from ISIS control, according to the source, who pointed out that the terrorist group has “suffered great losses of life and equipment.”

Related: Is OPEC About To Surprise The Oil markets?

At its peak, ISIS was said to be bringing in around US$1.5 million a day from the illegal sale of Iraqi and Syrian oil, but those profits have since dwindled both in the face of military losses and depressed oil prices.

The forces conducted the maneuver as part of a larger operation to restore Iraqi government control over the entire city of Fallujah, which lies just 40 miles west of Baghdad.

ISIS gained control of the city in January 2014 and used it as a launch pad for further attacks in nearby areas in Iraq.

The military has set up safe corridors for civilians trapped in the city to get out safely. There have been several reports of ISIS gunning people down as they flee the city, as well as cars exploding due to mines placed by fighters.

Related: Oil Speculators No Longer Confident In Price Crash

Iraqi forces said Fallujah’s southern border and 47 nearby villages had been secured last week.

According to Iraqi authorities, ISIS now controls 14 percent of the country, down from 40 percent in 2014. The group has also lost an estimated 20 percent of the territory it once controlled in Syria—most of those losses are around oil facilities.

By Zainab Calcuttawala for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment
  • Mchentrp on June 06 2016 said:
    Seems to me that if you want y to stop Isis from making money by selling oil and natural gas, you chop off the head of whomever is buying it!
  • The Shadow Broker on June 06 2016 said:
    The title is wrong, it should be Iraqi Nat Gas Plant Freed from the Hands of CIA

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News