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The Islamic State of Iraq and Syria, or ISIS, is targeting Iraq’s oil fields as part of its plan to raise revenue and build its caliphate infrastructure.

The move makes it unlikely the ISIS would destroy the fields, unless the Iraqi military regroups and attempts to recapture them.

In addition to the oil and natural gas field in the Sunni-controlled region of Iraq, ISIS is about to capture the Balad Air Base just north of Baghdad where U.S. F-16s were slated to be based. ISIS is advancing on the Haditha Dam, which produces power and controls the flow of water to the south into the Shiite-controlled region of Iraq.

As a result of its blitzkrieg moves from Syria into Iraq in recent weeks, ISIS has virtual control over Iraq’s largest oil refinery, the Bayji facility in Salahaddin province. In Syria, the jihadist group has taken control of the Al Omar oil field in Deir al Zour province near the town of Al Mayadin.

The gains are in addition to its takeover of the Ajeel oil wells east of deposed Iraqi President Saddam Hussein’s hometown of Tikrit. Along with the oil wells, ISIS has captured a natural gas field called Ajeel.

All of this has sources convinced ISIS is targeting Iraq’s oil infrastructure. If ISIS proceeds south, it then would be in a position to capture the oil fields in that region of the country as well as in Kuwait, both of which provide oil for the world economy.

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