German Intelligence Disputes Estimates of Islamic State Oil Income
On November 21, 2014 · In Germany, ISIS, Islamic State (IS), Jihad, Jihadist Groups/Individuals, Terror Funding
A German intelligence report suggests estimates of the oil wealth of terror group the Islamic State are wildly overstated. Previously published estimates have suggested that the Islamic State, which controls large swathes of northern Syria and Iraq, could earn up to €3 billion a year from oil fields it controls. But a report from Germany’s Bundesnachrichtendienst (BND), the country’s foreign intelligence service, argues […]
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