As a result of the incessant attacks on oil instalations in the Niger Delta, the economy of our nation is in dire situation.
Eni and Aiteo, two oil firms operating in Nigeria told the newinsightng that they lose 140,000 barrels of crude daily due to recent attacks on their facilities by militants.
At about $48 per barrel, an estimated $6.72 million (N1.3 billion) daily is lost by the two
operators due to the attacks. Eni, the Italian energy firm and parent company of Nigerian Agip Oil Company (NAOC) said its production was cut by 65,000 barrels per day following Friday’s attack on its pipeline in Bayelsa.
Earlier attacks in the oilfield on May 18 and 24 had resulted in a shutdown of some 5,200
barrels of Eni’s production. An Eni Spokesperson confirmed the development in an email on Sunday. “The total deferred production due to the attack is 65,000 barrels of oil equivalent daily “I can confirm that. There is no further impact on production, since all production from the swamp area has already been stopped days ago.,” the email from Eni’s Media Relations Unit said.
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