• 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 ?
  • 1 min Peaceful demonstration in Hong Kong again thwarted by brutality of police
  • 38 mins Here's your favourite girl, Tom!
  • 2 hours Civil Unrest Is Erupting All Over The World, But Just Wait Until America Joins The Party...
  • 2 mins Australian Hydroelectric Plant Cost Overruns
  • 12 hours Brexit agreement
  • 4 hours China's Blueprint For Global Power
  • 4 hours Nigeria Demands $62B from Oil Majors
  • 17 hours Wonders of US Shale: US Shale Benefits: The U.S. leads global petroleum and natural gas production with record growth in 2018
  • 19 hours IMO 2020:
  • 21 hours Yesterday Angela Merkel stopped Trump technology war on China – the moral of the story is do not eavesdrop on ladies with high ethical standards
  • 13 hours 5 Tweets That Change The World?
  • 12 hours Bloomberg: shale slowing. Third wave of shale coming.
  • 15 hours The Problem Is The Economy, Not The Climate

Breaking News:

Russia Replacing Oil Workers With Robots

Why Powering A City With Bicycles Is Impossible

Why Powering A City With Bicycles Is Impossible

Generating electricity from bicycles has…

The Islamic State Loses Control Of Iraqi Oil Fields

ISIS Mosul

The Islamic State will have to turn to other means to finance terror activities now that it no longer controls oil wells in Iraq.

Iraq’s oil ministry announced that IS was driven out of Shirqat—an area near Kirkuk—by U.S. backed Iraqi forces last Thursday. In August, IS lost the Qayyara oilfield south of Mosul in a push by the government retake the city. While the Iraqi government has not captured the Najma oilfield, it is of no use to the Islamic State, because the group cannot access the fields due to government airstrikes.

According to Asim Jihad, “Najma has yet to be liberated because some sites are in the conflict zone. The reality is that it is extremely difficult to extract and smuggle oil while our forces are advancing towards Mosul...," Provincial security official Muthana Jbara noted. Without the income provided by the oilfields, the Islamic State will have to finance it activities through other means, such as increasing fines and taxes in the areas which it still controls.

The Islamic State has lost a great deal of the territory in Syria and Iraq, over which it proclaimed a caliphate in 2014. Despite the losses which came during offensives backed by the United States, IS still controls oil wells in Syria.

As to the push to retake Mosul, A U.S. official said this week that United States is ready to provide more military personnel for the effort, stating: “In consultation with the government of Iraq, the U.S. is prepared to provide additional U.S. military personnel to train and advise the Iraqis as the planning for the Mosul campaign intensifies," Iraqi Prime Minister Haider al-Abadi, the country’s Prime Minister said ,“American President Barack Obama was consulted on a request from the Iraqi government for a final increase in the number of trainers and advisers under the umbrella of the international coalition in Iraq,”

Lincoln Brown 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