Market intelligence, trend analysis and forecasts for the Oil and Gas industries across the regions

Industry / Nigeria

Piracy And Niger Delta Instability: Growing Risks To Oil Production

March 2012 | Industry News

BMI View: Nigeria's oil production is approximately 1mn b/d lower than it could be due to instability in the Niger Delta, according to state-owned NNPC. Although the security situation has improved in the Niger Delta due to a governmental amnesty for separatist militants, instability continues to weigh on the oil sector. Furthermore, growing piracy in the Gulf of Guinea is a worrying trend which could eventually hurt the country's positive production

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