Shell looses 86 mm barrels of crude oil in delayed Nigerian production

Jul 31, 2000 02:00 AM

Shell said it lost 86 mm barrels of crude oil in deferred Nigerian production worth $ 1.7 bn in 1999 due to violent disturbances in the southern Niger Delta oil region.
Shell's general manager in charge of operations in western Niger Delta, Andre Van Strijp, told a delegation of the Senate Committee on the Niger Delta visiting the oil town of Warri that 102 incidents of hostage- taking by armed militants were recorded by the company within the same period. The development, the official said, not only disrupted oil production but also affected the company's capacity to respond to the needs of the impoverished communities of the region.
The delegation led by senator Victor Oyofor had accused Shell of "externalising the benefits" of oil activities to the detriment of the local population. "There is no deliberate policy to connect to the local populace," member of the delegation Senator John Azuta-Mbata said.
Shell also reported an oil spill on its Torlu-Opokusi trunk-line supplying crude to the Forcados export terminal, blaming it on sabotage and forcing it to shut one of its flowstations. "We had to shut in the system to determine the cause of the leakage, but we suspect sabotage," company official, Abdullah Bukar, told.

Shell's production accounts for over 50 % of Nigeria's daily production of about 2 mm bpd. Oil accounts for over 95 % of Nigeria's export income. NENO Nigeria Economy News Online (NENO) is published by Online Media Ltd, 67 Norman Williams Street, S.W. Ikoyi, Lagos.

Source: Online Media via Newspage
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