
ABUJA, Nigeria, Feb. 26 (UPI) -- Militant attacks and sabotage of oil pipelines in the Niger Delta region of Nigeria cost the government roughly $73 million in 2009, officials said Friday.
The Movement for the Emancipation of the Niger Delta, the main militant group in the region, broke a 2009 cease-fire on the oil industry earlier this year. The group launched a guerrilla campaign against the oil sector, claiming it was cut out of lucrative oil revenue.
Mohammed Sanusi Barkindo, a managing director of the Nigerian National Petroleum Corp., said at a national energy conference in Abuja that militant attacks had a major impact on the energy sector, Nigeria's Guardian newspaper reports.
Militant activity in 2009, he said, removed more than 1.3 million barrels of oil per day from the market.
He condemned underperformance of the beleaguered refineries in the country, which is struggling with domestic energy shortages.
He said his country is "far below" its benchmark capacity for crude oil production.
Apart from militant activity, Nigeria is beset by political turmoil following the Wednesday return to Abuja of ailing President Umaru Yar'Adua following a three-month absence for medical treatment in Saudi Arabia.
|
|
|
|
|
|
| Additional Energy Resources Stories | |
LINCOLN, Neb., June 1 (UPI) --
The top court in Nebraska declined to hear a challenge from three private land owners challenging the state's authority over the Keystone XL oil pipeline.
|
HUNTINGTON BEACH, Calif., June 1 (UPI) --
The U.S. military is eyeing ways of launching small satellites on-demand from launchers aboard aircraft.
|
FHA foreclosures rose 73 percent in April, driven primarily by defaults of loans made in 2008 and 2009 vintage loans, raising new questions about the solvency of the popular government program, which accounts for about a third of all new mortgages....
|
Just what the Republican strategists ordered: The unemployment rate ticked up in May to 8.2 percent, the Labor Department said.
|
| Stories | Photos | People | Comments |
View Caption