Nigeria wants Shell to open major pipeline but attack feared - News Summed Up

Nigeria wants Shell to open major pipeline but attack feared


Nigeria wants Royal Dutch Shell to reopen one of its main pipelines but the oil multinational is resisting, analysts say, for fear it could once again be bombed by militants. "Nigeria wants Royal Dutch Shell to reopen a major export pipeline in the Niger Delta but the oil major wants better protection first, to avoid having it blown up yet again," SBM Intelligence said, quoting unidentified officials and industry sources. Shell Nigeria said only that one of its priorities is to secure the pipeline, while indicating it is still working to contain leaks. At the worst point, he said, production was cut to 1.2 million barrels a day — a loss of 1 million barrels a day and the lowest rate of production in 30 years. Community leaders have expressed confidence in Vice President Yemi Osinbajo's visits and promises of a comprehensive plan to help residents benefit from oil production.


Source: ABC News March 04, 2017 11:37 UTC



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