ISIL Oil Production is Worth Estimated $800 Million Per Year, IHS says

Dateline City:
WASHINGTON, D.C.
Contacts
Defense, Risk & Security; Healthcare/Pharmaceuticals; Economics; Country & Industry Forecasting; Design & Supply Chain
IHS Media Relations, +1 303 305 8021
press@ihs.com
or
Energy & Power; Defense, Risk & Security
Jeff Marn, +1 202 463 8213
Energy Strategy, Renewable Energy
jeff.marn@ihs.com

Selling oil at a sharp discount on the black market still generates significant funds for the terror group

(October 20, 2014) – Current oil production by the Islamic State in the Levant (ISIL) is estimated to be worth $800 million per year, equivalent to more than $2 million per day, according to new estimates by IHS (NYSE: IHS), the leading global source of information and analytics.

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