Airstrikes target Islamic State near Iraqi refinery

April 17, 2015 11:43 AM

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Terrorism not diminishing Iraq's overall ability to produce oil.

The Islamic State at its peak was said to be generating about $2 million per day on pilfered oil. The militant group claimed a brief hold over the Beiji oil refinery north of Baghdad last year and heavy fighting has been reported recently in and around the area.

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