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Tag Archives: Nigeria oil production

Oil militants call for referendum on breaking up Nigeria

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LAGOS, Nigeria (AP) — Oil militants who have slashed Nigeria’s petroleum production with attacks on pipelines called Sunday for a referendum on breaking up the Nigerian federation. The Niger Delta Avengers group posted a map on social media suggesting that the West African power house could divide into five countries. Analysts had predicted that the stunning result of the British ...

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Militants blow up Shell, Agip pipelines in Nigeria

WARRI, Nigeria (AP) — Militants blew up strategic gas and crude pipelines belonging to Shell and Agip on Saturday in an increasingly fierce campaign that has chopped Nigeria’s oil production in half, militants and residents said. A new militant group, calling itself the Niger Delta Avengers, reported in social media that they had dynamited the trunkline linking the Dutch-British Shell ...

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Nigeria: Local leaders back militants hitting oil production

WARRI, Nigeria (AP) — Community leaders and activists in Nigeria’s oil-producing Niger Delta voiced support for a new group of violent militants, saying their demands for a greater share of oil wealth match the aspirations of local people. At a stakeholders’ meeting held Thursday in the southern town of Warri, community leaders accused the Nigerian government of a heavy-handed military ...

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Nigerian oil output, naira fall amid attacks, strike threats

AGOS, Nigeria (AP) — Militant attacks on oil installations and the threat of a nationwide strike drove Nigeria’s petroleum production and its naira currency to new lows Tuesday. The naira fell to 350 to the dollar on the parallel market, against an official rate of 199, amid reports and denials that President Muhammadu Buhari’s government plans an imminent devaluation, bowing ...

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Nigerian Chevron facility bombed, ExxonMobil cuts exports

LAGOS, Nigeria (AP) — An explosion closed a second Chevron facility in Nigeria, witnesses said Friday, as renewed attacks by militants further cut production in Africa’s biggest petroleum producer. Adding to Nigeria’s economic woes, Exxon Mobil on Friday said some production of Qua Iboe crude — the West African nation’s largest crude grade — has halted because a drilling rig ...

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Nigerian state petroleum company lost $1.3 billion in 2015

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LAGOS, Nigeria — The Nigerian National Petroleum Corp. says it lost 267 billion naira ($1.3 billion) in 2015, even as it tried to pump more oil to counter slashed world prices. The corporation’s monthly report posted at its website Thursday shows the biggest losses recorded at its headquarters, by three refineries and a subsidiary that sources and distributes refined products. ...

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