The Business Times

Exxon Mobil says no attacks at its facilities despite Nigerian militants' claim

Published Tue, Jul 12, 2016 · 12:23 AM
Share this article.

[LAGOS] Exxon Mobil Corp said on Tuesday no attacks had taken place at its facilities after Nigerian militant group Niger Delta Avengers said it had blown up the Qua Iboe 48" crude oil export pipeline operated by the company. "There were no attacks on our facilities," said Exxon Mobil spokesman Todd Spitler.

Late on Monday Nigerian militant group Niger Delta Avengers said on its website that it had blown up an Exxon Mobil Corp facility. The group has claimed responsibility for a series of attacks in Nigeria's southern oil hub.

The militants, whose attacks briefly pushed Nigeria's crude production to 30-year lows in spring, have said they want a greater share of the Opec member's energy wealth to go to the impoverished southern Niger Delta, the source of most of the country's oil.

Qua Iboe is Nigeria's largest crude oil stream and exports usually amount to more than 300,000 barrels per day.

Nigeria is typically Africa's biggest oil producer, although attacks in the last few months have pushed it behind Angola. The West African country relies on crude oil sales for around 70 per cent of government revenues.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Energy & Commodities

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here