7/18/2016

MilitantsseriouslyaffectingNigerianoilproduction

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MilitantsseriouslyaffectingNigerianoilproduction

May 13, 2016

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Nigeriasoilproductionhasdroppedto1.65mbarrelsaday,accordingtothe
financeminister,whoblamedaresurgenceofmilitantactivityinthesoutherly
Deltaregionforthelowestoutputin22years.
TherenewedactivitiesofthemilitantsintheNigerDeltaisseriouslyaffectingour
oilproduction,infactitisnowdownto1.65[mb/d],KemiAdeosunsaidonstate
ownedNTAtelevisiononFridaymorning,Reutersreported.
Thefederalbudgetsignedintolawaweekagocountson2.2mb/dbutoutputhas
beenseveralhundredsofbarrelsbelowthataround1.7to1.8mb/dforthepast
severalmonths,writesMaggieFickinAbuja.Nigeria,longAfricastopoil
producer,isasofthisweekpumpinglessthanAngola.
ProductionbeganslidinginFebruarywhenanewmilitantgroupcallingitselfthe
NigerDeltaAvengersclaimedanattackonanunderwaterpipelinerunningthat
forcedRoyalDutchShelltoshutdownitsForcadosexportterminal,knockingoffat
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MilitantsseriouslyaffectingNigerianoilproduction

least250,000bpd.Thegovernmenthassaiditwillbereopenedthismonthbutitis
notclearifrepairshavestarted.
EarlierthisweekShelldeclaredforcemajeureonexportsofBonnyLightcrude
afteraleakononeofitstrunklinesintheDelta,daysafterChevronhadtoshuta
platformfallinganattackalsoclaimedbytheNigerDeltaAvengers.
Itisnotclearwhoisbehindthenewgroupbutthestatementsattributedtothem
thatarebeingcirculatedonsocialmediasuggesttheirdemandsaresimilartothose
ofmilitantswhowagedaninsurgencyuntil2009thatslashedthecountrysoil
production.ThenewgrouphasvowedtobringNigeriasoiloutputtozero.
TheuptickinunrestintheDeltaandtheimpactonoilproductioncomesasthe
MuhammaduBuhariadministrationisconfrontingtheworsteconomiccrisisin
decadesduetotheoilpricecollapse.Mostofthe36stategovernmentsofthe
federationareunabletopaysalariesregularly.
Tagged with Markets, Nigeria, Oil

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