Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Niger Delta Avengers say attacked Nigeria's Chevron Escravos pipeline

Published 10/25/2016, 07:29 AM
Updated 10/25/2016, 07:30 AM
© Reuters.  Niger Delta Avengers say attacked Nigeria's Chevron Escravos pipeline

By Tife Owolabi

YENAGOA, Nigeria (Reuters) - Nigerian militant group the Niger Delta Avengers said it attacked an oil pipeline in Nigeria's restive southern energy hub on Tuesday and warned international oil companies (IOCs) not to carry out repairs on damaged energy infrastructure.

Nigeria's oil output, typically close to 2.2 million barrels per day (bpd), fell to less than 1.3 million bpd this spring as militants bombed energy facilities. But, amid a ceasefire announced by the Avengers in August, the petroleum ministry said oil production had risen to 1.9 million bpd.

The Avengers, which declared the break in hostilities to pursue talks with the government, said on its website that the group "took down Chevron (NYSE:CVX) Escravos export pipeline at Escravos offshore" at around 3:45 a.m. (0445 GMT).

"This action is to further warn all IOCs that when we warn that there should be no repairs pending negotiation/dialogue with the people of the Niger Delta, it means there should be no repairs," it said on its website.

Collins Edema, a local community leader, said: "We heard of it at the offshore but no one can ascertain the extent of the damage." A Chevron spokeswoman could not immediately be reached.

The group has said it wants a greater share of the OPEC member's wealth to go to the Niger Delta, where most of the country's crude is produced. Government sources told Reuters the government would hold a meeting with community leaders and militant representatives next week.

It said any attempt to use talks with the government as a distraction "will halt the dialogue process". It is the first attack claimed by the Avengers since late September, when it said it attacked a crude export line as a "wake-up call".

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.