• Nigeria to lose 300,000bpd as militants bomb three oil pipelines

    Nigeria to lose 300,000bpd as militants bomb three oil pipelines

    According to reports, the Niger Delta Avengers militant group said it has bombed three oil pipelines in southern Nigeria, an attack it said would lead to a production loss of 300,000 barrels per day in the OPEC-member nation.

    Attacks on pipelines by several militant groups have slashed Nigeria’s oil production helping to tip the country into recession as it struggles to adapt to the low price of crude globally.

    The Niger Delta Avengers, blamed for a wave of such attacks since the […]