Nigeria Militants Resume Attacks on Pipelines
05 Juillet 2016 - 3:20AM
Dow Jones News
Nigeria's state-oil company said militants have sabotaged its
pipelines over the weekend, less than two weeks after the
government said it had negotiated a 30-day truce to end the
attacks.
Over the weekend, the Niger Delta Avengers, the most prominent
group of militants seeking better oil-revenue redistribution, said
on its Twitter account it had carried five attacks on three NNPC
pipelines and two wells run by Chevron Corp. The U.S. oil company
didn't respond to a request for comment.
A spokesman for the Nigerian National Petroleum Co. Monday
confirmed the militants' claims. "Our engineers are on site
assessing of the damage to facilities," he said.
Last month, Nigerian government officials said a cease-fire had
been reached that included the Avengers, though the group denied
reaching a truce via its Twitter account.
In recent months, the Avengers and other groups have frequently
attacked oil pipelines across Nigeria controlled by big oil
companies such as Italy's Eni SpA and Royal Dutch Shell PLC,
toppling the country's position as Africa's number No. 1 oil
producer.
The renewed wave of attacks come as oil prices have been buoyed
by disruptions in Africa's largest historical producer.
According to the International Energy Agency, Nigeria's output
was down by 500,000 barrels a day, to 1.37 million barrels a day in
May, compared with 1.87 million barrels a day in January before the
attacks escalated.
The oil outages have helped oil prices rebound to above $50 a
barrel—a level not seen since October 2015.
Write to Benoit Faucon at benoit.faucon@wsj.com
(END) Dow Jones Newswires
July 04, 2016 21:05 ET (01:05 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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