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Tag Archives: Islamic State

Egypt jihadists claim attack on Sinai pipeline to Jordan

AMMAN — Egyptian jihadists claimed Monday to have bombed a pipeline in the Sinai that carries gas to Jordan, saying it was targeted over the Kingdom’s role in the US-led offensive on the Islamic State (IS) group, Agence France-Presse reported. Egyptian militant group Ansar Beit Al Maqdis, which has pledged allegiance to IS, tweeted unverified pictures of the claimed attack, ...

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Iran says Saudi Arabia should move to curb oil price fall

DUBAI, Jan 1 – Falling world oil prices will hurt countries across the Middle East unless Saudi Arabia, the world’s biggest crude exporter, takes action to reverse the slump, Iran’s deputy foreign minister told Reuters. Hossein Amir Abdollahian described Saudi Arabia’s inaction in the face of a six-month slide in oil prices as a strategic mistake and said he still ...

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Financial shocker of the year: Oil at $60

NEW YORK — For the first half of 2014 the oil market looked just as it had the year before — and the 2 years before that. Oil was over $100 and drivers in the U.S. were paying around $3.50 for gasoline. Economies around the world seemed to have adjusted to higher priced oil and oil companies were using high ...

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Egypt militant group says it killed US oil worker

CAIRO — An Egyptian militant organization allied with the Islamic State group has claimed responsibility for the killing of an American oil worker. Ansar Beit al-Maqdis, which now refers to itself as the Sinai Province, said on its official Twitter account late Sunday that it killed William Henderson. It published pictures of his passport and two identification cards. It did ...

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Islamic State oil output was $2 mln/day before air strikes -IHS

WASHINGTON, Oct 20 – Islamic State militants were producing about $2 million worth of crude oil per day in Iraq and Syria before recent U.S.-led air strikes, possibly more than double the amount heard in U.S. congressional testimony last month, the research firm IHS said on Monday. The group of Sunni extremists controlled as much as 350,000 barrels per day ...

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Airstrikes reduce Islamic State oil production by 50,000 bpd

The extremist group Islamic State is experiencing a major setback in oil production a month after the U.S. began its airstrikes on the group, according to Petro Global News. Based on reports from the International Energy Agency, overall oil production from fields seized by IS has decreased from roughly 70,000 barrels per day to about 20,000 barrels per day. Prior ...

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Turkey crackdown on oil smugglers feeding IS group

HACIPASA, Turkey (AP) — Sevda, a 22-year-old waitress in a brown apron, recounts how she made a small fortune running smuggled diesel from a village on Turkey’s wild and dangerous border with Syria. But the days when she could earn 20 times her salary waiting tables came to an abrupt end several months ago when police arrested her and slapped ...

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US-led strikes hit IS group oil areas for 2nd day

Ryan Lucas | Associated Press BEIRUT — American-led coalition warplanes destroyed four tanks belonging to the Islamic State group in eastern Syria on Friday, the U.S. military said, targeting the militants in a key oil-producing area that has generated millions of dollars in revenue for the extremist faction. The strikes outside the city of Deir el-Zour on the Euphrates River ...

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Syria, Iraq oil controlled by Islamic State group

BEIRUT (AP) — For the first time since the Unites States and five Arab countries started bombing positions of the Islamic State group in Syria, oil installations under control of the militants were targeted overnight and early on Thursday. Here is a look at the oil in the hands if the Islamic State group, which has overrun several large oil ...

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Official: Fighting in Iraq delays Iran gas exports

TEHRAN, Iran (AP) — The fighting between Iraqi troops and Islamic State militants will delay even further the planned start of Iranian natural gas exports to neighboring Iraq, Iran’s oil minister was quoted as saying Wednesday. Oil Minister Bijan Zanganeh said the pipeline, which is still under construction on the Iraqi side, goes partly through territory now controlled by the ...

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