• 4 minutes Is $60/Bbl WTI still considered a break even for Shale Oil
  • 7 minutes Oil Price Editorial: Beware Of Saudi Oil Tanker Sabotage Stories
  • 11 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 15 minutes Wonders of Shale- Gas,bringing investments and jobs to the US
  • 19 hours IMO 2020 could create fierce competition for scarce water resources
  • 4 hours Apartheid Is Still There: Post-apartheid South Africa Is World’s Most Unequal Country
  • 7 mins Total nonsense in climate debate
  • 1 day IMO2020 To scrub or not to scrub
  • 14 hours Evil Awakens: Fascist Symbols And Rhetoric On Rise In Italian EU Vote
  • 5 hours IRAN makes threats, rattles sabre . . . . U.S. makes threats, rattles sabre . . . . IRAQ steps up and plays the mediator. THIS ALLOWS BOTH SIDES TO "SAVE FACE". Then serious negotiations start.
  • 9 hours Theresa May to Step Down
  • 1 day Devastating Sanctions: Iran and Venezuela hurting
  • 29 mins Will Canada drop Liberals, vote in Conservatives?
  • 46 mins Canada's Uncivil Oil War : 78% of Voters Cite *Energy* as the Top Issue
  • 1 day Magic of Shale: EXPORTS!! Crude Exporters Navigate Gulf Coast Terminal Constraints
  • 1 day Level-Headed Analysis of the Future of U.S. Shale Oil Industry
  • 53 mins Trump needs to educate US companies and citizens on Chinese Communist Party and People's Liberation Army. This is real ECONOMIC WARFARE. To understand Chinese warfare read General Sun Tzu's "Art of War" . . . written 500 B.C.
Chinese Oil Buyers Shun U.S. Crude

Chinese Oil Buyers Shun U.S. Crude

Chinese oil traders and refiners…

Scorched Earth Strategy? ISIS Blows Up Several Al Shaer Gas Field Installations

ISIS Vehicle

Al Shaer, one of Syria’s largest gas fields, was rocked by powerful explosions on Monday, attributed to the Islamic State. The Islamic State was fighting Syrian government troops on several fronts, including near the ancient city of Palmyra.

The Syrian Army Air Force responded quickly on Tuesday with airstrikes against ISIS positions in a number of provinces, including near the coveted al Shaer gas fields, destroying ISIS terrorists’ vehicles and weaponry, and reportedly killing a number of terrorists in its attempt to reclaim the ISIS-controlled area.

Word of the Monday explosions seemed to coincide with reports of a 4.4 Richter scale earthquake 50 km to the southeast in the city of Palmyra, which was reclaimed from ISIS near the end of March.

Related: Oil Price Spike Is Not As Far Away As Many Think

“There were three huge explosions there carried out by ISIS on Monday,” said Rami Abdel Rahman of the Syrian Observatory for Human Rights. He added that the Islamic State was believed to have blown up several of the field’s pumping stations, with no immediate word on casualties.

The fact that this gas field has changed hands twice in a matter of a few weeks is nothing new. The gas field and the city of Palmyra change hands frequently, most notably in July 2014 when the Islamic State briefly took over the gas field, killing hundreds of regime soldiers.

Pro-ISIS social media celebrated Monday’s explosions, saying they had prevented the “enemy” from exploiting what its fighters could not. The group has previously targeted oil and gas fields during its offensive in order to finance its military activities.

Related: Bakken Output Continues To Fall Along With Rig Count

The Monday explosions and Tuesday’s airstrikes were preceded by another attack on Sunday, when an unexpected attack launched by the militants on Syrian army units defending Palmyra ended with two hills overlooking the ancient city falling under the control of the terror group.

Syrian state news agency SANA confirmed government forces had re-seized one of the hilltops just west of the field on Tuesday.

By James Burgess of Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

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