WATCHING THE WORLD: Nigerian oil in jeopardy

10/09/2006
The news from Nigeria’s oil and gas industry is not encouraging. It’s that recurring problem of militants besieging the place again, but this time they seem to be ganging up on the industry.Up to now, Nigeria-a member of the Organization of Petroleum Exporting Countries-has been Africa’s leading oil producer and the world’s sixth biggest crude exporter with a normal output of 2.6 million b/d. But militants are threatening that production.Indeed, attacks on oil installations in the Niger Delta have cut about a quarter of oil production since the start of this year, and at least five Nigerian oil workers have been killed.MEND speaksLast week, the Movement for the Ema...
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