Rebel fighters have seized Moammar Gadhafi's compound in the capital, Tripoli, and are celebrating what they consider a major victory over the Libyan leader and his loyalist troops. The rebel fighters fought their way into Mr. Gadhafi's Bab al-Aziziya compound on Tuesday despite heavy gunfire from pro-Gadhafi forces.Hundreds of rebels could be seen firing their weapons in the air in celebration. Others waved flags and tore down posters of Mr. Gadhafi. Black smoke filled the skyline while gunfire and explosions continued around the compound and several other parts of the city. It is not clear if Mr. Gadhafi or members of his inner circle are in the compound at the time, or the city of Tripoli. U.S. officials in Washington said on Tuesday that they believe Mr. Gadhafi is still in Libya. In New York, Libya's Deputy U.N. Ambassador, Ibrahim Dabbashi, told reporters he expects Tripoli to be completely liberated within the next 72 hours. E.U Foreign Minister Catherine Ashton said the rebels' political leader, Mustafa Abdel Jalil told her they have control of 80 percent of the Libyan capital. Meanwhile, Libyan rebels say they also have taken control of the eastern oil port of Ras Lanuf Tuesday. The major oil port is east on the road to Mr. Gadhafi's hometown of Sirte. A NATO spokeswoman, Oana Lungescu, told reporters in Brussels that NATO's mission in Libya is not over, and that it will continue military operations until all attacks and threats of attacks against civilians have stopped. Meanwhile, India is closely monitoring developments in Libya. It has also asked the people there to resolve the situation in a peaceful manner adhering to democratic norms. A release from the External Affairs Ministry in New Delhi said there are indications that the situation in Libya is changing and the recent events in Tripoli indicate that the Transitional National Council is acquiring effective control. The release added that India stands ready to extend all possible assistance for reconstruction and rehabilitation to the friendly people of Libya and wishes them peace, stability and prosperity.