No New Nigeria Oil Output Affected By Recent Attacks - NNPC
May 18 2009 - 3:25PM
Dow Jones News
Nigeria's state-run oil company said late Monday that no new
crude production had been shut despite a wave of militant attacks
on energy infrastructure in recent days.
State-owned Nigerian National Petroleum Corp. has joint-venture
partnerships with major oil companies, such as Royal Dutch Shell
PLC (RDSA), the largest foreign operator, and Chevron Corp. (CVX),
in the Niger Delta.
Militants seeking a greater share of Nigeria's oil wealth for
local people Sunday said they had sabotaged two recently repaired
oil pipelines in reprisals for an army attack against one of their
camps.
The army said a pipeline supplying state-owned Nigerian Gas Co.
had been blown up but with no impact on supply.
Chevron over the weekend said its operations continued as
normal. But Shell reiterated Monday it is investigating a report
that one of its facilities was attacked.
Unrest in the region has reduced Nigeria's daily output to 1.76
million barrels, compared with 2.6 million barrels in January
2006.
-By Spencer Swartz and Benoit Faucon, Dow Jones Newswires; +44
(0)207 842 9357; spencer.swartz@dowjones.com