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Daash faces near-collapse of oil revenues and sells at a discount of up for 30%



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Daash faces near-collapse of oil revenues and sells at a discount of up for 30%

Post by rocky on Sun 31 Jul 2016, 6:38 am

Daash faces near-collapse of oil revenues and sells at a discount of up for 30%

Friday 29-07-2016 | 7:48:09

Image to extract the oil from the pre-Daash - XYZ
Twilight News / officials confirmed that al Daash which has lost more than half of the territory seized by the 2014 spaces, suffers from near-collapse in revenues from smuggled oil, which is paid to reduce the money that paid for the fighters and the imposition of new taxes and fines on those who violate religious rules.
The organization has control over a group of oil fields, and was forced to sell the rest of his production of large discounts, to urge the trucks collected and evasive air strikes by US-led drivers.
Besides taxes and ransoms and trade of antiques, oil is a major source of funding for the organization Daash operations, it generates millions of dollars a month from the sale, according to the report of the Arab channel seen by Twilight News.
The campus of the progress made by the Iraqi government and Kurdish forces and the popular crowd, elements of the organization of oil fields was controlled, with only two fields Astglhma part of five Iraqi fields were in the past under his control left him. This led to reduced smuggling operations by about 90 percent, according to security officials and local authorities.
He used to organize Daash sell 50 trucks load of at least a day of oil, from the fields of Qayyarah and star South powerful stronghold in Mosul.
Said Abdul Rahman Olokua, Nineveh provincial council member from Mosul, who moved to Erbil after the fall of Mosul, in the grip of the organization, he said that "this crude was mainly transferred to Syria bartered fuel cars."
He continued: "With the progress of the Iraqi forces and the escalation of air strikes, the organization can hardly sell five small trucks."
It is difficult to know the size of the funds to be exact obtained by organizing Daash from the sale of oil. Said Louay Khatib, Executive Director of the Institute for Iraqi power which conducted intensive search for oil smuggling operations carried out by the organization, said that "revenue fluctuated even during the peak in the second half of 2014, when the organization was investigating" the best days "of about 700 thousand dollars a day from fields Iraqi oil. "
In May, the United States has estimated that Daash revenue fell by almost half to $ 250 million annually from the territory controlled by Iraq and Syria.
Although the extremists have suffered more losses since then in Iraq, but they are still in control of several oil fields in eastern Syria, where he did not fare well armed opposition, the US-backed success in expulsion.

    Current date/time is Thu 08 Dec 2016, 3:43 am