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Terrorist groups are cashing in on $1million in crude sales every day, according to the new Global Terrorism Index.
The figure comes days after ISIS terror cells massacred at least 129 people in the France’s capital.
Steve Killelea, executive chairman of the Institute for Economics and Peace, which compiled the report, said: “I think what we’re looking at is a well funded terrorist organisation – the funding gives it the ability to be able to pay for soldiers and fund terror acts beyond its borders.”
In the report, Christina Schori Liang from the Geneva Centre for Security Policy outlined the role oil plays in the terror group’s financial abilities.
It is thought the group controls 10 oilfields dotted throughout Iraq and Syria, allowing it to sell up to 40,000 barrels of crude every day. The total equates to $1million.
She said” “Oil wealth serves several purposes: it provides energy needs for the estimated 10 million civilians living in ISIS controlled territory and it helps fuel the war machine.
“More importantly, oil is used as a leveraging device to control its enemies. Many opposition forces are dependent on ISIS for diesel.”
The crude is thought to be smuggled through the black market before being consumed in Turkey, Iran and Jordan.
The terror group also controls at least eight power plants in Syria.
Christina Schori Liang has been working in the field of security policy for the past 20 years. She began her career at the American Institute for Contemporary German Studies in Washington D.C., and in 1996, moved to the Geneva Centre for Security Policy where she became engaged in information management and research. In 2007, she started teaching for the GCSP’s core training programmes both in Geneva and abroad. In 2012, she became the Co-Director of the New Issues in Security Course (NISC) and in 2013 she was appointed Director of the NISC.
Dr Liang has lectured at universities, military academies and international organisations in over 20 countries on subjects related to countering violent extremism, terrorism, transnational organised crime and emerging security challenges. Dr Liang was an Adjunct Faculty member for Boston University from 2008-2013 where she taught a course on International Security.
Dr Liang is also a founding member of the Switzerland Chapter of Women in International Security (WIIS). She is a member of the Partnership for Peace Consortium of Defense Academies and Security Studies Institutes, and serves on the Advisory Board of Columbia International Affairs Online (CIAO).
Dr Liang obtained her BA in Political Science from Hope College, USA, and holds a DES (Masters Degree) in International History and Politics and a PhD in International Relations from the Graduate Institute of International and Development Studies, Geneva, Switzerland.
Liang, Christina Schori, "Cyber Jihad: Understanding and Countering Islamic State Propaganda"
GCSP Policy Paper 2015/2
Liang, Christina Schori, “Shadow Networks: The Growing Nexus of Terrorism and Organised Crime”: GCSP Policy Brief 20 , November, 2011. (German and English)
Liang, Christina Schori (ed.) Europe for the Europeans: The Foreign and Security Policy of the Populist Radical Right (London: Ashgate Publishing, 2007), 318 p.
The Geneva Centre for Security Policy (GCSP) is an international foundation at the heart of international Geneva. It was established in 1995 on the initiative of the Swiss Confederation.
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Oil and gas engineers are being told to “name their price” when applying for jobs with Islamic State, according to an international terrorism expert.
The Islamic caliphate, which controls a vast oil supplies and infrastructure in Syria and Iraq recruits engineers to join its hydrocarbon production sector that operates in similar ways to a national oil company.
Dr Liang said: “Oil is hugely important to ISIS and is helping fund its operation. It is recruiting online, with the promise of high salaries, flat screen televisions and a comfortable life – if you pledge allegiance to IS.”
“They can name their price, but when they get there do they discover they cannot leave, or their family will be harmed,” Dr Liang added.