Chineme Okafor in Abuja
Hopes for a quick rebound of Nigeria’s crude oil production to pre-January 2016 levels of 2.2 million barrels per day, suffered another setback at the weekend following the attack on the pipeline operated by Nigerian Agip Oil Company (NAOC), and resulting in the loss of 10,000 barrels per day (b/d).
THISDAY checks late yesterday evening in Abuja revealed that the Niger Delta Avengers (NDA) on Friday claimed they blew up the Nembe 1, 2, and 3 trunk lines which link the Brass and Bonny terminals in Bayelsa State in the early hours of the morning.
Agip sources however told the paper that the attack led to the shut-in of about 10,000b/d with Agip suffering production loss of 4,000b/d equity.
The development follows disclosure on Friday by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu that there were possible cracks in the federal government’s reported dialogue with militants in the Delta, hence, the resumption of hostilities.
Connect via email
- How CBN is tackling inflation, exchange rate volatility – Emefiele – The Nation
- Nigeria’s Buhari warns off separatists, takes back control after treatment – Reuters
- CBN lifts forex market with $195m – Guardian
- Oil prices fall almost two per cent after end-of-week rally – Guardian
- Dollar to Naira Rate Black Market August 22 2017