Fidelity bank card banner Emerald Energy Institute Camano banner

Militants’ activities cut oil output by half a million bpd: Report

By News Express on 02/07/2016

Gmail icon

Views: 1,709

Nigeria’s oil production has fallen by at least half a million barrels per day (bpd), according to  Reuters calculations  which attributed the fall to militant attacks in the Niger Delta region, by  the Niger Delta Avengers and others.

The group has made multiple attacks on infrastructure belonging to oil majors Shell, ENI and Chevron, vowing to reduce output to zero in what is typically Africa’s largest oil exporter.

President Muhammadu Buhari cancelled a planned visit to the region last week, which some observers said was a missed opportunity to calm tensions in a region that accounts for a large portion of Nigeria’s oil production.

The attacks have forced companies to declare force majeure on Bonny Light, Brass River and Forcados crude oil, and in May helped to push Nigeria’s oil production to 22-year lows.

ExxonMobil’s force majeure on Qua Iboe – declared after an accident – was lifted on June 3.

Garba Deen Muhammad, the Nigerian National Petroleum Company (NNPC’s) spokesman said Nigeria’s production had not dropped below 1 million bpd.

“Our position before the attacks was 2.2 million bpd, but the attacks have affected production to the tune of about 600,000 to 700,000 barrels, so our current production level is hovering around 1.6 million bpd,” Muhammad said. (Reuters)

•Photo shows Niger Delta militants.

Source News Express

Posted 02/07/2016 9:40:44 PM





You may also like...
Insecurity: Governor Sani-Bello calls for extra-vigilance

Resign if you can’t pay N18,000 minimum wage,...

June 12: Buhari’s action will lead to a...

Armed robbers attack publisher, snatch car

Activist files suit for Obiano’s impeachment

Police confirms 11 children killed after van rams...

FAAN boss inaugurates Lagos runway safety team

Airtel Nigeria CEO reassures consumers

Charley Boy apologises to Saraki over posts

U.S. slams visa restrictions on Ghana

Okowa urges students to acquire entrepreneurial skills

JAMB makes U-turn, may admit students with scores...


Latest News Exodus hits Boko Haram, ISWAP as Nigerian Army, Joint Task Force step up onslaught Nnamdi Kanu speaks after presenting Biafra's case to UN Unknown gunmen shoot footballer dead Troops storm bandits’ camp, rescue 8 kidnap victims Court convicts two P&ID Directors for fraud; winds up company, orders assets forfeited to FG 5 persons kidnapped along General Buratai's village Wife docked for allegedly photographing husband without permission Mother, two children die after ‘Amala’ meal, father in critical condition JAMB suspends 13 exam centres over infractions Army dismisses rumour of impending attack on Maiduguri 2023: Zone presidency to south-east: Balarabe Musa 2 women docked over alleged N394,000 unpaid hotel bills


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (541,967 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (443,613 views) Shameless Genevieve Nnaji exposes breasts in public (390,022 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (327,024 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (295,128 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (253,883 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (250,099 views) 10 cars more expensive than Jets (238,747 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (231,794 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (217,794 views) Lagos plane crash: Journalist releases victims’ names (196,125 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (193,686 views)


CBN milk production

CBN banner advert

UBA Wise Savers Promo


Categories Advertorials (3) African Press Organisation (81) Art & Literature (102) Business & Economy (4,451) Business Verdict (80) Columnists (1,112) Complaints & Requests (96) Enterprise & Opportunities (215) Entertainment (664) Features (813) Global Business Monitor (443) ICT Monitor (63) International (3,965) Interview (203) Live Commentary (30) Love Matters (170) Maggie's Blog (414) News (51,501) Opinion (1,360) Pidgin (17) Politics (11,454) Religion (1,102) Sports (2,171) Stock Watch (39) AMA & Al Jazeera Global Update







APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera