Crisis

ISIS Suffers Severe Economic Blow

Following a military operation to liberate Qayyarah district in southern Mosul, the ISIS terrorist group lost control of its oil wells, losing $1m in oil revenues per month.

In an interview with IRNA, as translated by IFP, the Operations Commander of Nineveh Province Brigadier General Najm al-Jabouri announced that ISIS militants have suffered major setbacks, including losing control of more than half of the oil wells in the district of Qayyarah.

“This operation has dried up an enormous amount of oil revenues for ISIS, which was over $1m per month,” al-Jabour stressed.

He noted that the Iraqi forces have won back more than 60 oil wells from ISIS militants and added, “The terrorists used to make a fortune by extracting the wells.”

Qayyarah is home to one of the most important oil fields in northern Iraq. It had been occupied by the Takfiri [extremist] terrorist group ISIS over the past two years.

IFP Editorial Staff

The IFP Editorial Staff is composed of dozens of skilled journalists, news-writers, and analysts whose works are edited and published by experienced editors specialized in Iran News. The editor of each IFP Service is responsible for the report published by the Iran Front Page (IFP) news website, and can be contacted through the ways mentioned in the "IFP Editorial Staff" section.

Recent Posts

Iran’s Lake Urmia sees significant improvement amidst restoration efforts

An Iranian official reports that the shrinking Lake Urmia is in better condition than last…

3 hours ago

Four terrorists killed during clash with IRGC forces in Iran’s southeast

Iranian security forces have killed another four terrorists in the southeastern city of Rask in…

4 hours ago

Former Parliament chief: Iran should not tie affairs to Trump

The former speaker of the Iranian Parliament and a current member of the country's Expediency…

4 hours ago

IRGC chief commander: Resistance grandeur led to changes in US leadership

The commander-in-chief of Iran's Islamic Revolution Guard Corps (IRGC) says that the power of Palestinian…

5 hours ago

Iran signs key agreements during communications minister’s visit to Cuba, Venezuela

Iran’s Minister of Communications Sattar Hashemi has recently concluded a "productive" six-day trip to Cuba…

7 hours ago

Iran’s president says no matter who has won the US  vote

The Iranian President, in his first reaction to Donald Trump's victory in the US presidential…

7 hours ago