If The Implosion Of Venezuela Does Not Matter, This Will Not Matter Either, But Posting For The Archives -- Libyan Export Terminal Is Terminal -- June 18, 2018

From Financial Times:

Libya’s National Oil Corporation said on Monday that storage facilities at the Ras Lanuf port terminal, a major export facility, have suffered “catastrophic damage” as a result of clashes.

NOC said two storage tanks have been “lost” with a reduction of storage capacity by 400,000 barrels of oil — almost half the capacity at the port.

It said there was a risk oil would leak from one of the destroyed tanks spreading blazes to three other tanks. NOC blamed the damage on an assault by a militia led by Ibrahim Jadhran, who controlled the oil port and other major facilities in the area known as the oil crescent until his forces were ousted in September 2016 by those of Khalifa Haftar, the military strongman who dominates eastern Libya.