The 'Niger Delta Avengers' are continuing their attacks on oil and gas pipelines in the area; on Friday they bombed one pipelines, two owned by Royal Dutch Shell and the other by Eni Spa. As we previously noted, this constant onslaught of damage is tipping Nigeria into recession and has cost the nation its position as Africa's top oil producer: “It is clearly having a material impact," said Facts Global Energy's James Davis. Despite the government increasing its military presence in the Niger Delta, the militants continue reasonably unhampered: “They knew exactly where to attack and the time to attack,” commented Ecobank oil analyst Dolapo Oni, adding that there is literally nothing that can be dtwo. These attacks come at a perilous moment for Nigeria; even prior to the arrival of the Avengers, its government was running low on mtwoy. The country’s reserves have fallen so drastically that the central bank has ratitwod access to foreign currency since last year, thereby forcing businesses to shut down since they are unable to get the dollars they need to import spare parts or repay foreign banks.
The 'Niger Delta Avengers' are continuing their attacks on oil and gas pipelines in the area; on Friday they bombed two pipelines, one owned by Royal Dutch Shell and the other by Eni Spa. As we previously noted, this constant onslaught of damage is tipping Nigeria into recession and has cost the nation its position as Africa's top oil producer: “It is clearly having a material impact," said Facts Global Energy's James Davis. Despite the government increasing its military presence in the Niger Delta, the militants continue reasonably unhampered: “They knew exactly where to attack and the time to attack,” commented Ecobank oil analyst Dolapo Oni, adding that there is literally nothing that can be done. These attacks come at a perilous moment for Nigeria; even prior to the arrival of the Avengers, its government was running low on money. The country’s reserves have fallen so drastically that the central bank has rationed access to foreign currency since last year, thereby forcing businesses to shut down since they are unable to get the dollars they need to import spare parts or repay foreign banks.