When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Monday, January 11, 2016

ISIS Survives on Oil, Farmland, Kidnapping, Theft

Infographic: How Does ISIS Fund Itself?  | Statista
Source: Statista

The extensive oil infrastructure across Syria and Iraq has made ISIL, the so-called Islamic State, one of the richest terrorist organisations in history, providing the group with an estimated $500 million every year, according to a recent Bloomberg report. Kidnap and ransom bring in an estimated $45 million each year while foreign donations are worth approximately $5 million. One of the so-called Islamic State's most important resources is seldom mentioned and that's farmland. Fertile agricultural territory controlled by the group across Syria and Iraq could potentially generate over $200 million every year, according to a Thomson Reuters report (pdf).

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