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Farooq

Posts Tagged "militant attacks"

HomePosts Tagged "militant attacks"

By Paul Carsten and Tife Owolabi KINGDOM OF GBARAMATU, Nigeria, July 9 (Reuters) – The Nigerian government’s efforts to secure peace in the oil heartlands of the Niger Delta are empty promises, community leaders say, threatening a return to violence that would derail any broader recovery in the crude-dependent economy. With Africa’s biggest economy mired in […]

  • niger delta avengers

Suspected oil rebels attacked a gas pipeline in Nigeria’s restive south, breaking a fragile truce between them and the government, an oil company spokesman told AFP Tuesday. The attack on a pipeline operated by the Nigerian Gas Company Limited, a subsidiary of the Nigerian National Petroleum Corporation (NNPC), took place on Saturday near Sanomi creek, […]

  • niger delta avengers

The Federal government, Wednesday, said it has witnessed no pipeline vandalism arising from militant activities in the Niger Delta in the past three months. The Minister of State for Petroleum Resources, Ibe Kachikwu, made this known at the ongoing Oil Technology Conference 2017 holding in Houston, Texas, United States. A statement by the Director of […]

  • niger delta avengers

ABUJA, April 4 (Reuters) – Nigeria’s lower house of parliament on Tuesday launched a probe into a lack of funding for an amnesty programme for militants in the country’s oil-producing heartland, a key factor in maintaining a tenuous peace in the Niger Delta and supporting crude production. Failure to maintain funding for former militants under […]

  • Kachikwu

Chineme Okafor in Abuja The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that Nigeria’s target to have no fresh pipeline breaks and zero militancy acts in the oil-bearing Niger Delta region was working. In October 2016, Kachikwu said the government was looking to record no oil pipeline breaks in 2017, as […]

  • Kachikwu

The Nigerian National Petroleum Corporation  (NNPC) has revealed that the country is now producing as much as 2.1 million barrels of oil per day. Speaking at the 2017 Nigeria oil and gas conference and exhibition, Makainti Baru, general managing director of the NNPC, said the ongoing negotiations with stakeholders in the Niger Delta is responsible […]

  • Kachikwu

’Femi Asu and Okechukwu Nnodim The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said the country lost as much as $100bn in revenue last year as attacks by militants in the oil-rich Niger Delta cut crude output to a record low. Kachikwu, who stated this on Tuesday in his monthly broadcast posted […]

  • niger delta avengers

ABUJA Dec 14 (Reuters) – The Nigerian Petroleum Development Company (NPDC), a subsidiary of state oil firm NNPC, said on Wednesday it had lost 1.5 trillion naira ($4.9 billion) due to attacks on its facilities since the beginning of the year. The subsidiary of the Nigerian National Petroleum Corporation specialises in exploration and production of […]

  • niger delta avengers

By Ifeanyi Onuba The persistent attacks on the country’s oil installations by militants in the Niger Delta have resulted in a decrease of about $447m in foreign exchange inflows from $1.4bn in September to $957.3m in October.  Figures obtained from the Central Bank of Nigeria show that the $447m decline represents a drop of 31.85 […]

  • niger delta avengers

Nigeria lost 130 million barrels of crude oil worth about N3trillion or almost half the 2016 budget, using estimates of $50 per barrel and exchange rate of N470/$ between January and October 2016 BusinessDay has learnt. Shina Bankole, general manager, security, Chevron Nigeria Limited, stated this in a speech on addressing the burden of securing […]