Saturday, May 23, 2009

Violence In Oil-Rich Nigeria Boosts Prices

Image from Stratfor

From The Washington Times:

With oil prices at a six-month high and gasoline prices not far behind, energy traders are pointing a finger at rising violence in Nigeria's ethnically driven civil war.

A wave of attacks on oil wells, platforms and pipelines by rebels in Nigeria's Niger Delta has left the country's output at about half its maximum level of 3.2 million barrels a day, the government's Minister of State for Petroleum Odein Ajumogobia told reporters in the capital, Abuja.

The spike in attacks follows a major military offensive in the resource-rich delta, where ethnic Ijaw militants are fighting for greater autonomy and a bigger share of oil revenues,.

Read more ....

More News On Nigeria

Nigerian village 'bombed, sprayed with bullets' -- ABC News Australia
Twelve Nigerian soldiers missing in Delta: army -- AFP
Crisis in the Niger Delta -- Radio Netherlands
Nigeria strives for knock-out blow at delta militants -- Financial Times
Nigeria Governor Pledges Security Despite Militant Attacks -- Voice of America
Rebels join forces to war Nigerian army -- Afrik.com
Nigeria: The Humanitarian Crisis in the Niger Delta -- All Africa
Nigeria Violence and Oil -- Common Dreams
Killing "Rebels" in the Niger Delta -- Huffington Post

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