LONDON -- Production declines in oil fields controlled by the Islamic State of Iraq and the Levant (ISIL) have been less dramatic than expected, because ISIL has promised to protect workers and pay their wages, according to an analyst with research and consulting firm GlobalData. Furthermore, ISIL is able to fund its war operations primarily by controlling oil fields that it has strategically seized, gaining an estimated $2-3 million daily from oil smuggling.
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Iraqi production falls less than expected under ISIL control, GlobalData says
![Iraqi production falls less than expected under ISIL control, GlobalData says]()
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