31/05/2016
Nigerian Oil Production Falls as Militant Attacks Take Toll
Nigeria is Africa's oil king no more. Months of militant attacks on pipelines and oil infrastructure in the southern Niger Delta region have crippled production in Africa's largest producer of crude. The militant group behind the attacks, the Niger Delta Avengers, vowed in an early communiqu#233; to reduce Nigeria's economy to zero. They appear to be getting their wish. Exports have fallen from about 2.2 million barrels per day to as low as 990,000 barrels per day, analysts say, making Angola Africa's largest...
