Russian bombers strike illegal oil facilities
Russian bombers have hit illegal oil facilities operated by Islamic State in Syria, the Russian defense ministry confirmed.
Syria
ISIS raises taxes in its territory as oil revenue is squeezed
ISIS is making up for lost revenue from coalition strikes on its oil infrastructure by squeezing the population under its control through high taxes.
Russia receives requests to help Syria rebuild oil and gas sector
Russia has said the country’s energy companies have received requests from war-torn Syria to help rebuild its oil and gas industry.
Video: RT film crew uncovers oil links between IS and Turkey
A documentary film crew from Russia Today (RT) claimed to have uncovered evidence of the alleged links between Turkey and its oil trade links with Islamic State (IS).
Gulfsands commits to Syria as it posts $69.2million loss
Gulfsands Petroleum has said it remains committed to its Syrian assets, despite operations being suspended due to EU sanctions and the ongoing civil war.
SNS 2016: Scottish Power boss says Syria crisis is “all about climate change”
The managing director of ScottishPower Renewables has said the Syrian crisis is "all about climate change".
Fuel produced by IS allegedly sold at Bulgarian gas stations
Fuel produced by IS (Islamic State) is allegedly being sold at gas stations in Bulgaria.
Syria truce set for next week as US, Russia back peace bid
World powers agreed a partial cease fire in Syria’s civil war, reaching a deal that could forestall a humanitarian crisis around the besieged city of Aleppo even amid skepticism about how broad and lasting the truce might be. Backing the accord were all the major outside powers in the five-year-old conflict, including the U.S., Russia, Turkey, Saudi Arabia and Iran. But the halt to fighting won’t cover jihadist groups like Islamic State, meaning U.S., French and Russian air strikes against them will continue.
Video: Coalition forces strike IS oil and gas plant
Fresh footage from the Pentagon has shown air strikes on an IS (Islamic State) gas and oil plant in Syria.
Israel claims ISIS funded by “Turkish money”
Israel’s defence minister has alleged ISIS (Islamic State) has been funded with “Turkish money”. Moshe Ya’alon made the claim as he said the Turkish government was not pulling its weight in the fight against the network.
Coalition forces destroy six IS rigs
Coalition military forces say they have destroyed six IS (Islamic State) rigs near Raqqah as efforts to against the terrorist group continue.
PM claims IS oil revenues depleted by as much as 25% since strikes last month
Prime Minister David Cameron has claimed the oil revenues of ISIS (Islamic State) have been lowered by as much as 25% since the UK became involved in strikes in Syria last month. The politician was giving evidence before the liaison committee in which he faced questions about his energy and climate change policy.
US Government estimates more than 2,000 oil workers employed by ISIS
ISIS (Islamic State) employed more than 2,000 workers at its peak as it looked to make millions of dollars from oil in Syria and Iraq.
Video: Russian military claims 2,000 oil tankers have been destroyed since launching bombing campaign
Russia has released dramatic images of ISIS targets being destroyed by its air force in Syria. Footage and images were released by the Russian Ministry of Defence which showed positions, including tanker trucks, being targeted.
UN moves to block IS terror funds
Finance ministers from the United Nations Security Council’s 15 powers are poised to adopt a resolution aimed at disrupting the Islamic State (IS) terror group’s earnings from oil and antiquities sales, ransom payments and other criminal activities. IS is already subject to UN sanctions under resolutions dealing with al Qaida. But the proposed resolution, sponsored by the United States and Russia, elevates IS to the same level as al Qaida, reflecting its split from al Qaida and the growing threat it poses especially in the Middle East and North Africa. US treasury secretary Jacob Lew, who will chair today’s meeting, said disrupting IS’ revenue and cutting it off from the international financial system “are critical to effectively combating this violent terrorist group”.
Dozens killed in air strikes on fuel market in Syria
Air strikes on a fuel market in a village in northern Syria have killed and wounded dozens of people and destroyed several tanker trucks, according to opposition monitoring groups. Activists said war planes also struck another market in the northern village of Maskaneh which is under the control of Islamic State, killing at least 12 people and wounding many others. It was not immediately clear whose war planes carried out the strikes, although the monitoring groups said the Russians targeted both markets.
US-led coalition denies hitting Syrian army as it targets oil hotspots
Syria’s government has accused the US-led coalition of launching air strikes on a Syrian army camp that killed three soldiers and wounded 13. The US has denied the claim, saying the alliance carried out four air strikes against oil wells in the province - all of them miles away from the alleged location of the incident. The city of Deir el-Zour, where the purported strikes happened on Sunday, is mainly held by the Islamic State group, but the Syrian government maintains a presence in some parts of it.
Russia defence ministry claims US turning “blind eye” to IS oil exports
The Russian defence ministry has claimed the US has turned a “blind eye” to oil allegedly being trafficked from Syria across the border to Turkey. In a statement the ministry claimed the oil being moved was from areas under the control of Islamic State.
RAF hits Syrian oil field targets
British Tornado jets hit seven targets in eastern Syrian oil fields in a mission described as landing a “very real blow” by Defence Secretary Michael Fallon.
Experts warn Syria oil field bombings could alienate local population
The bombing of oil fields in Syria robs civilians of the infrastructure they depend upon in their day-to-day lives and will further alienate the local people from the Western cause, experts on the Middle East have warned.
Oil wells targeted in first RAF bombing raids on Syria
RAF bombing raids on oil wells in eastern Syria have dealt a “real blow” to the financing of terror group Islamic State, Defence Secretary Michael Fallon has said.
Russia accuses Turkish PM of involvement in Islamic State oil trade
Russia’s deputy defence minister has accused the Turkish president and his family of personally benefiting from the illegal oil trade with Islamic State militants.
Putin says Russian plane downed after successfully targeting oil infrastructure
Vladimir Putin has ordered state-of-the-art air defence missile systems to be deployed at a Russian air base in Syria following the downing of a Russian warplane by Turkey.
ISIS recruiting engineers to help run its oil business
Oil and gas engineers are being told to "name their price" when applying for jobs with Islamic State, according to an international terrorism expert.
Oil halts drop as response to Paris attacks weighed against glut
Oil halted its decline near the lowest close in more than two months as investors weighed a global supply glut against heightened geopolitical tension after France bombed Syria in response to terrorist attacks in Paris.