Article
Carole Nakhle
{
"authors": [
"Carole Nakhle"
],
"type": "legacyinthemedia",
"centerAffiliationAll": "dc",
"centers": [
"Carnegie Endowment for International Peace",
"Malcolm H. Kerr Carnegie Middle East Center"
],
"collections": [],
"englishNewsletterAll": "menaTransitions",
"nonEnglishNewsletterAll": "",
"primaryCenter": "Malcolm H. Kerr Carnegie Middle East Center",
"programAffiliation": "MEP",
"programs": [
"Middle East"
],
"projects": [],
"regions": [
"Levant",
"Syria",
"Iraq",
"Middle East"
],
"topics": [
"Political Reform",
"Economy",
"Security"
]
}
Source: Getty
In The Media
Who Is Buying ISIL’s Oil?
A multipronged approach is needed stop ISIS from profiting from the oil fields under its control.
Published on Nov 30, 2015
Source: Al Jazeera
Carnegie’s Carol Nakhle joined Al Jazeera’s Hazem Sika and others to discuss ISIS’s oil business. Nakhle argued that in addition to recruiting soldiers, ISIS has been hiring the technicians and engineers required to repair and maintain the oil producing equipment and infrastructure. Much of the oil produced in these fields remains in the captive market that is ISIS-controlled territory, and as such is not linked to global oil prices, she said. A multi-dimensional approach is required to stop ISIS from profiting from the oil fields under its control.
This interview was originally broadcast on Al Jazeera's Inside Story.
About the Author
Carole Nakhle
Former Nonresident Scholar, Middle East Center
Nakhle was a nonresident scholar at Carnegie Middle East Center, specializing in international petroleum contracts and fiscal regimes for the oil and gas industry, world oil and gas market developments, energy policy, and oil and gas revenue management.
- Nuclear Energy’s Future in the Middle East and North Africa
- ISIL Sells Its Oil, But Who Is Buying It?In The Media
Carole Nakhle
Recent Work
Carnegie India does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
More Work from Carnegie India
- Threading the Needle: India’s Path Forward with ChinaPaper
After the chill in ties between 2020 and 2024 that brought India–China relations to their lowest point in several decades, the two countries have engaged each other afresh. This paper argues that there are predominantly four imperatives guiding India’s approach to China, and they exist in an order of priority.
Saheb Singh Chadha
- India’s Press Note 3 Gamble: Opening the FDI Door to ChinaArticle
On March 10, 2026, India’s Union Cabinet approved amendments to Press Note 3, a regulation that mandated government approval on all foreign direct investment (FDI) from countries sharing a land border with India. This amendment raises questions primarily about whether its stated benefits will materialize and if the risks have been adequately weighed. This piece will address the same.
Konark Bhandari
- India’s Oil Security Strategy: Structural Vulnerabilities and Strategic ChoicesArticle
This piece argues that the present Indian strategy, based on opportunistic diversification and utilization of limited strategic reserves, remains inadequate when confronting supply disruptions. It evaluates India’s options in the short, medium, and long terms.
Vrinda Sahai
- The Impact of U.S. Sanctions and Tariffs on India’s Russian Oil ImportsCommentary
This piece examines India’s response to U.S. sanctions and tariffs, specifically assessing the immediate market consequences, such as alterations in import costs, and the broader strategic implications for India’s energy security and foreign policy orientation.
Vrinda Sahai
- Military Lessons from Operation SindoorArticle
The India-Pakistan conflict that played out between May 6 and May 10, 2025, offers several military lessons. This article presents key takeaways from Operation Sindoor and breaks down how India’s preparations shaped the outcome and what more is needed to strengthen future readiness.
Dinakar Peri
