Connect with us

Hi, what are you looking for?

Capital Business
Capital Business

World

Militants blow up oil pipelines

LAGOS, July 8  – Militants in Nigeria\’s Niger Delta region said they had blown up two key oil pipelines in the region operated by the Anglo-Dutch oil giant Shell and the Italian group Agip.

The Movement for the Emancipation of the Niger Delta (MEND) said in a statement it blew up the pipelines in a pre-dawn attack in Bayelsa state as part of a campaign to cripple the nation\’s main industry.

"The Agip pipeline which connects the Agip Brass terminal was sabotaged at Nembe creek while the Shell Nembe creek line was done at Asawo village, all in Bayelsa state," the militants said.

Shell and Agip were not immediately available for comment.

It was the seventh in a series of attacks on oil installations in just under two weeks since the Nigerian government extended an amnesty offer aimed at ending a three-and-half-year insurgency.

Unrest in the Niger Delta costs Nigeria hundreds of thousands of barrels a day in lost crude oil production. Militants say they are fighting for a greater share of the oil wealth.

MEND, the strongest of the groups which have been fighting in the region since 2006, has targeted Anglo-Dutch oil giant Shell, America\’s Chevron and Italian group Agip.

Nigeria, the world\’s eighth largest exporter, was Africa\’s leading oil producer but it is currently neck-and-neck with Angola since the troubles in the Niger Delta started.

Africa\’s most populous country relies on oil for more than 90 percent of its export earnings.

Advertisement. Scroll to continue reading.
Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...