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Daesh oil revenues slumping

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Latest airstrikes on strategic targets of the terrorist group have originated a significant decrease in their incomes.

A frame grab taken from footage released by Russia's Defence Ministry October 9, 2015, shows what Russia says are airstrikes carried out by the Russian air force on headquarters of Liwa Al-Haqq militant group near Raqqa, Syria. Russia's air force hit 60 Islamic State targets in Syria over the past 24 hours and killed around 300 militants, the Defence Ministry said on Friday, in Moscow's most intense raids yet since it first launched strikes on Syria 10 days ago. REUTERS/Ministry of Defence of the Russian Federation/Handout via Reuters ATTENTION EDITORS - FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS. THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. IT IS DISTRIBUTED, EXACTLY AS RECEIVED BY REUTERS, AS A SERVICE TO CLIENTS. REUTERS IS UNABLE TO INDEPENDENTLY VERIFY THE AUTHENTICITY, CONTENT, LOCATION OR DATE OF THIS IMAGE. FOR EDITORIAL USE ONLY. NO SALES.

A frame grab taken from footage released by Russia’s Defence Ministry October 9, 2015, shows airstrikes carried out by the Russian air force on headquarters of Liwa Al-Haqq militant group near Raqqa, Syria. REUTERS/Ministry of Defence of the Russian Federation/Handout via Reuters

According to a report of IHS Conflict Monitor released on Monday, the refining capacity and the ability to transport oil via tanker convoys of ISIL has slumped significantly.

Russian airstrikes against ISIL in Syria started on September by request of Bashar Al Assad, and since then, strategic infrastructure of the terrorist group has been pounded, besides having denounced the existence of oil smuggling routes to Turkey mainly.

The US-led coalition has started to attack the mentioned targets more than a year after the beginning of their counter-terrorism operation in Syria.

An evidence of the decrease of the budget of Daesh are the cuts to the salaries of the militants, price hikes on electricity and other basic services and the introduction of new agricultural taxes in the territories under control of the jihadists in Iraq and Syria.

The report also informed that the group keeps having a $80 million monthly budget as a result of activities such as: confiscations, drug smuggling, kidnapping for ransom, oil and gas sales and running small real estate and transport companies in the territories under their control.

Written by Lisbeth Mechter

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