German intelligence agency says IS lost control on most of Iraq’s oilfields

16/04/2015

It has been reported by a German newspaper that Islamic State group has lost their control over the large oilfields in Iraq.
The report has been published according to the data that has been received from Germany’s foreign intelligence agency BND. According to a BND report seen by the newspaper, satellite images from last month showed the group had set fire to two of the lost fields.
The newspaper reported, "In the eyes of the BND, it is proof that the IS itself does not believe in a quick recapture."
At present, only a single oilfield in Iraq is under the control of IS militants. This oilfield has capacity of around 2,000 barrels a day, which accounts for only 5 percent of the amount previously controlled by the extremist group.
On the other hand, oil fields held by the IS in Syria could not help offset its loss in Iraq, added the report. In addition, the group lacks the technical expertise to operate those oil fields.
The BND came to the conclusion that the terrorist group "could hardly realize significant oil exports anymore", cutting off "one of its most important source of income."

Last Update:: 16/04/2015

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