Piracy And Niger Delta Instability: Growing Risks To Oil Production

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

To read the full article, please choose one of the following options: