Nigerian Delta Unrest Cuts Oil Output by 1 Million Barrels
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Oil production in Nigeria, Africa’s biggest producer, is down by about 1 million barrels a day because of violence and theft in the Niger River delta, according to the state oil company.
Output is yet to be restored at 40 onshore oil fields mostly operated by Hague-based Royal Dutch Shell Plc, San Ramon, California-based Chevron Corp. and smaller producers more than two years after a government amnesty led to the disarming of thousands of militants and a decline in attacks on oil companies, according to data obtained from the Nigerian National Petroleum Corp.