Oil firms incut output
Industrial action and attacks from militants have forced the two biggest oil
companies in Nigeria to cut their production.
and Royal Dutch Shell are both reducing output, which is helping
to keep oil prices near record highs.
Militant groups in the
pipeline, in the fourth such attack in the last seven days.
And workers at anplant began a strike over pay and conditions.
The company said production was affected, but would not say by how much.
worry the volatile global oil markets.
Our candid advice to the oil majors is that they should not waste their time
repairing any lines, as we will continue to sabotage them
country rarely last very long, but that attacks on the pipelines which
criss-cross the forests and creeks of the delta are almost impossible to
A faction loyal to the imprisoned militant leader, Henry Okah, has said it
is responsible for the latest attacks.
The group is keen to gain attention, as Mr Okah is being tried in secret for
treason and gun-running.
for the Emancipation of the promised further
“Our candid advice to the oil majors is that they should not waste their
time repairing any lines, as we will continue to sabotage them”, the
militants said in a statement.
Demand is high for Nigeria’s oil, which is easily refined.
But production is now running about 25% short of the official capacity of
2.5 million barrels a day.
said it was operating at “partial production” following the
industrial action, while Shell said it may not be able to meet its target of
shipping 169,000 barrels a day from the country over the next few weeks,
after the militants’ attacks.
Published: 2008/04/26 04:15:26 GMT