Julianne Geiger, OilPrice.com: Can ISIS Actually Gain Power Over Libya’s Oil?
As it turns out, Syria was merely a springboard for a much larger ISIS plan—replenishing terrorist coffers by taking over oil assets in war-torn Libya.
The terror group has largely taken control of the Libyan city of Sirte and its hundreds of miles of coastline, and has ransacked two key oil terminals in an attempt to wrest control from fragile Libyan officials, ISIS is banking on taking over these oil facilities, and is now reportedly recruiting its own oil and gas engineers.
Libyan crude should be an easier target than Iraqi oil, which has remained largely out of ISIS reach. If ISIS succeeds, it will have more revenues and more power.
Reeling from warring parallel ''governments'' in a seething civil war, Libya is in no position to stop ISIS from filling the void.
Read more ....
WNU Editor: On a positive note .... it appears that a few factions in Libya are finally becoming tired of fighting amongst themselves .... Weary of Chaos, Factions in Libya Consider Peace (NYT).
More News On The Islamic State Targeting Libya's Oil Industry
ISIS Shifts to Libya After Strikes in Syria -- Washington Free beacon
Libya repels ISIS assault on oil terminal -- AFP
Libya's oil company empties Ras Lanuf storage after Islamic State attacks -- Reuters
Libya Meets With Energy Companies to Bolster Recovery of Its Damaged Petroleum Sector -- WSJ
EU worried about growing grip of ISIL in Libya -- CCTV
'Lack of unity in Libya could embolden ISIS' -- RT
Islamic State targeting Libyan oil to make trouble, not a profit -- Dominique Soguel, CSM
Iran and Saudi Arabia are critical to oil, but don't ignore this OPEC 'wild card' -- Elena Holodny, Business Insider
ISIS attacks on Libya: Why oil might not be its top goal -- Howard LaFranchi, CSM
No comments:
Post a Comment