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Oil exports on track despite militants' attacks

23 June 2016, 20:19

Abuja - Contrary to initial fears, pipeline bombings by the Niger Delta Avengers has had a minimal effect on the total amount of oil exported in Nigeria with figures showing oil export is still on track, Vanguard reports.

Statistics released by Windward, a maritime intelligence firm showed that Nigeria's crude oil exports dropped by as little as 62, 000 barrels per day(BPD) in May.

Also read: Jonathan's associates behind Niger Delta Avengers - MEND

The total BPD output for May was 1.89 million despite fears that the BPD output could drop to as low as 1.3 million.

Data though showed that figures dropped to 30-year lows with global prices increasing, despite this the Federal Government would be pleased with the figures, allaying fears that militants' attacks vandalism is having a crippling effect on the oil sector.

News24 Nigeria reported that FG labelled the Avengers' demands of the suspension of lifting of crude oil as unreasonable as the mainstay of the Nigerian economy is petroleum.

For more on this story, visit Vanguard.

- News24 Nigeria


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