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Global Oil Crisis: Chevron pipeline blown up in Nigeria

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Pipeline blast

By Matthew Green in Lagos

Published: June 23 2008 03:00 | Last updated: June 23 2008 03:00

Nigerian youths have blown up an oil pipeline belonging to Chevron, the US energy company, writes Matthew Green .

Reuters quoted Nigeria’s military authorities as saying that the raid on the Abiteye-Olero pipeline on Thursday stopped about 120,000 barrels per day of oil production.

The sabotage took place hours after militants shut down 200,000 b/d of oil production from Royal Dutch Shell’s Bonga oilfield.

Meanwhile, the militant Movement for the Emancipation of the Niger Delta said yesterday it would observe a ceasefire from midnight tomorrow after a request from local elders.

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