Monday, July 6, 2009
Nigerian Militants Say Chevron Facility Destroyed
From Yahoo News/AFP:
LAGOS (AFP) – Nigerian militants said Monday they destroyed a Chevron oil pipeline junction in the latest attack on Nigeria's key money earner since the government offered an amnesty.
The Movement for the Emancipation of the Niger Delta (MEND) said it attacked the Okan manifold late Sunday.
According to the rebels, the manifold controls about 80 percent of the crude that Chevron Nigeria Limited sends to its BOP Crude Loading Platform.
A Chevron spokesman said an investigation had started and no comment would be made.
Read more ....
Update: Nigeria militants claim to hijack chemical tanker -- AP
My Comment: This war is spiraling out of control, and with almost 2 million barrels of oil production per day at stake, the consequences from any long term disruption to world markets will be severe.
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