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Isis earns US$80 million monthly but starting to struggle

IEA sees global market awash with oil in 2017 if no OPEC cut (10 November 2016 18:46)

Date: 7 December 2015 19:51


Baku, December 7 AZERTAC
The Isis group is pulling in some US$80 million a month, mainly from levies and confiscations, but is struggling financially as strikes hit its oil infrastructure, analysis firm IHS said Monday.
In a new report, IHS Conflict Monitor said that Isis, unlike other jihadist groups such as al-Qaeda, does not need to rely on foreign funding as it can count on revenues from the large parts of Syria and Iraq under its control.
Using open source intelligence including social media and sources inside the countries, IHS said it estimates the group's overall monthly income to be around US$80 million as of late 2015.
About half the revenues come from levies and confiscations, with Isis slapping a 20% charge on all services, IHS said. Some 43% comes from oil sales and the rest from drug smuggling, electricity sales and donations.

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