Iraq: ISIS Grip on Iraqi Oil Infrastructure Could Be Slipping Amid US Air Strikes, Kurdish Attacks

Sep 11, 2014 | Maria Gallucci, International Business Times
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The Islamic State, or ISIS, may be losing its grip on some of Iraq’s oil infrastructure. After months of capturing oil fields, pumping stations and refineries across northern Iraq, the extremists have recently ceded some control amid U.S. airstrikes and heavy fighting from Iraqi and Kurdish forces.

“The situation is in flux right now,” Robert Perkins, a senior oil writer at Platts, a commodity news service, said in a Thursday interview. At Platt’s latest count, on Aug. 15, ISIS held about 72,000 barrels a day of Iraqi oil capacity from six wells.