Nigeria’s production cut by 1/3
According to Marketwatch, the Nigerian Delta Militants have shut in a total of 715,000 bpd with their latest attack to the Ogbainbiri ENI flowstation. Further threats which include
"shut down all export terminals this time around" by one of their leaders appear to be deadly serious…
You’ll find the complete article here; the following is an excerpt:
News of Tuesday night’s attack comes the same day Niger
Delta militants threatened to destroy the Olokola Liquefied Natural
Gas, or OKLNG, plant being planned for western Nigeria.In an e-mail message Wednesday,
Cynthia Whyte, self-acclaimed spokesperson of the Revolutionary
Council, said: "We will sabotage the pipelines. We will ambush and
attack its workers. We will take hostages. We will sabotage the
project’s logistics and vandalize every facility we set our eyes on."
The threat came after partners in the
OKLNG Tuesday signed a memorandum of understanding to use a free trade
zone for the $6 billion project.In an email to Dow Jones Newswires
Wednesday, the Movement for Emancipation of the Niger Delta said they
will commence a wave of attacks on facilities in both the eastern and
western parts of the region.
"Our next wave of attacks against the
eastern and western delta commences mid August," Jomo Gbomo, self
acclaimed spokesman for the movement, said, adding his group planned to
"shut down all export terminals this time around."