Issue 1009 - 04 Feb 2016
The ability of the Islamic State group (IS or Daesh) to
finance its military operations in Iraq, Syria and its
growing franchise in Libya using revenue from oil
production in Iraq and Syria is in great doubt – putting into
question the international focus on the jihadist group’s supposed
hydrocarbons-driven business model. Far from controlling an
informal but highly profitable export business – as it likes to
claim – IS, and the area it controls, may be importing fuel from
its neighbours
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