Egypt calls for inclusive Nile Basin dialogue, warns against 'hostile rhetoric'    GAFI launches guideline for cash investment Incentive to support industrial projects    Egypt launches initiative to transform petroleum waste into value-added resources    Egypt, Qatar press for full implementation of Gaza ceasefire    Egypt, China's CMEC sign MoU to study waste-to-energy project in Qalyubia    Gold prices in Egypt on Sunday, 07 Dec., 2025    Egypt plans new policies to drive private sector growth in tourism, energy, health    URGENT: Egypt's net FX reserves surge to $50.216 bln in November – CBE    Egypt's pound inches up against dollar in early Sunday trade    Egypt joins Japan-backed UHC Knowledge Hub to advance national health reforms    Egypt launches 32nd International Quran Competition with participants from over 70 countries    Al-Sisi reviews expansion of Japanese school model in Egypt    Egypt launches National Health Compact to expand access to quality care    Netanyahu's pick for Mossad chief sparks resignation threats over lack of experience    US warns NATO allies against 'bullying' American defence firms amid protectionism row    Egypt declares Red Sea's Great Coral Reef a new marine protected area    Egypt recovers two ancient artefacts from Belgium    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Giza master plan targets major hotel expansion to match Grand Egyptian Museum launch    Australia returns 17 rare ancient Egyptian artefacts    China invites Egypt to join African duty-free export scheme    Egypt calls for stronger Africa-Europe partnership at Luanda summit    Egypt begins 2nd round of parliamentary elections with 34.6m eligible voters    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt scraps parliamentary election results in 19 districts over violations    Egypt extends Ramses II Tokyo Exhibition as it draws 350k visitors to date    Filmmakers, experts to discuss teen mental health at Cairo festival panel    Cairo International Film Festival to premiere 'Malaga Alley,' honour Khaled El Nabawy    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches Red Sea Open to boost tourism, international profile    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



U.S.-led strikes degrade ISIS oil revenues: Pentagon
Published in Albawaba on 14 - 11 - 2015

U.S.-led airstrikes in Syria have inflicted "significant damage" to ISIS' ability to fund itself, the Pentagon said Friday.
Recent strikes in an air operation dubbed "Tidal Wave II" have been concentrated on oil facilities in the Deir al-Zor region, which provide an estimated two-thirds of ISIS' oil revenue, Pentagon spokesman Col. Steve Warren said at a news briefing.
"We believe that by cutting off its oil supply we could hasten the destruction of [ISIS]," he said.
The first strike in the coalition operation was on the Omar oil field on Oct. 21 and since then airstrikes have been stepped up, Warren said.
Warren said the strikes, halfway through the Tidal Wave operation, have inflicted "significant damage" on ISIS' ability to fund itself.
While airstrikes have targeted oil facilities in the past, Warren said they were against parts that were being easily repaired or replaced. "So we did a detailed analysis to determine how we can strike the oil field to break them for longer, essentially."
The aim is not to completely destroy the oil facilities, but to shut down them down for longer periods of time, Warren added. "There will be a time after the war, the war will end, so we don't want to completely and utterly destroy these facilities to where they are irreparable," he said.
Oil revenue is one ISIS' key sources of income and the operation could have a significant impact on the group, said Frederic Hof, a senior fellow at the Atlantic Council think tank.


Clic here to read the story from its source.