• 6 minutes Trump vs. MbS
  • 11 minutes Can the World Survive without Saudi Oil?
  • 15 minutes WTI @ $75.75, headed for $64 - 67
  • 12 hours Satellite Moons to Replace Streetlamps?!
  • 1 day US top CEO's are spending their own money on the midterm elections
  • 6 hours EU to Splash Billions on Battery Factories
  • 10 hours U.S. Shale Oil Debt: Deep the Denial
  • 18 hours The Balkans Are Coming Apart at the Seams Again
  • 2 hours Owning stocks long-term low risk?
  • 1 day OPEC Is Struggling To Deliver On Increased Output Pledge
  • 6 hours The Dirt on Clean Electric Cars
  • 1 day Uber IPO Proposals Value Company at $120 Billion
  • 20 hours 47 Oil & Gas Projects Expected to Start in SE Asia between 2018 & 2025
  • 1 day A $2 Trillion Saudi Aramco IPO Keeps Getting Less Realistic
  • 2 days 10 Incredible Facts about U.S. LNG
  • 57 mins The end of "King Coal" in the Wales
Alt Text

Disappearance Of Saudi Journalist Could Rock Oil Markets

The disappearance of Saudi journalist…

Alt Text

What Killed The Oil Price Rally?

A bearish report from the…

Charles Kennedy

Charles Kennedy

Charles is a writer for Oilprice.com

More Info

Trending Discussions

Shocking: ISIS Attacks On Libyan Oil Facilities Visible from Space

Shocking: ISIS Attacks On Libyan Oil Facilities Visible from Space

ISIS militants in Libya continue to attack key oil infrastructure in the country.

The two large oil export terminals at Es Sider and Ras Lanuf came under ISIS attacks on January 4-6. Some oil storage tanks exploded after suffering damage from machine gun fire.

NASA just published some shocking photos that clearly show the smoke plumes from the oil storage tanks are visible by satellite. The smoke blew east and northeast, blanketing Libya’s Mediterranean Coast. News reports suggest that at least five oil storage tanks are burning, each thought to have the capacity to hold 420,000 to 460,000 barrels of oil. Four of them are located at Es Sider and one at Ras Lanuf.

A spokesperson for the National Oil Company in Libya said that seven storage tanks were burning.

The attacks came as the oil company issued a “cry for help” on its website, calling on the Libyan people “of this homeland to hurry to rescue what is left from our resources before it is too late.” Related: Why The U.S. Can’t Be Called A ‘Swing Producer’

Libya’s rival governing factions have taken steps to patch up their differences, signing a UN-backed power-sharing agreement in December. The attacks from ISIS threaten to inflict lasting damage on the heart of Libya’s economy: its oil infrastructure.

Take a look at the stunning NASA images below: 

(Click to enlarge) Related: Saudi Arabia Throws Down The Gauntlet, But To Whom?

(Click to enlarge)

(Click to enlarge)

By Charles Kennedy of Oilprice.com

More Top Reads From Oilprice.com:


x


Back to homepage

Trending Discussions


Leave a comment
  • alex on January 09 2016 said:
    I wonder if "exported Western values" into Libya are much more better
    then stable state Libya at the time of Muamar Khaddafi.

    I just would like to ask the leaders of U.S, GB and France! For sure they
    are behind all of this instability in ME!

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News