Isis sets fire to Iraqi oil wells

03 October 2017
Three oil wells torched in northern Iraq

The terror group Islamic State in Iraq and Syria (Isis) has set fire to three oil wells near Hawija, in northern Iraq, according to statements from military officials on 2 October.

The officials said that one of the fires has already been extinguished and the two remaining fires are likely to take around three days to be brought under control.

On 21 September, Baghdad launched a military operation to try and remove Isis from Hawija, one of two regions in Iraq that remains under the group’s control.

Iraqi forces started the operation to push Isis out of Iraq in October 2016 and declared victory in the battle to take Mosul on 17 July.

The value of active energy projects in Iraq has risen by 48 per cent over 12 months as Islamic State in Iraq and Syria (Isis) has lost ground in the country, according to data provided by project tracking service MEED Projects.

The total value of all active oil, gas and chemical projects in the country stood at $109bn on 19 September 2017 up 48 per cent from a low of $73.6 on 20 September 2016.

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