Nigeria’s main militant group said on Monday it had sabotaged a Chevron oil facility and seized a chemical tanker and six crew members.
Nigeria’s main militant group has threatened to extend its attacks to offshore oil facilities after sabotaging a Chevron-operated oil pumping station.
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/ 30 November 2008
Bursts of gunfire rattled the Nigerian city of Jos on Sunday as the security forces tried to prevent more clashes between Muslim and Christian gangs.
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/ 13 September 2008
Nigerian militants on Saturday warned oil firms in the Niger Delta to withdraw their workers in the next 24 hours or face a hurricane of retaliation.
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/ 12 September 2008
Nigerian President Umaru Yar’Adua’s strengthening grip on power is still unlikely to mean a revival of economic reforms that have stagnated.
A Nigerian militant group threatened on Monday to attack foreign workers with construction firm Julius Berger if it does not halt operations.
Oil set new record highs above a barrel on Tuesday as investors sought to hedge against a battered dollar. United States crude rose by ,80 to ,56 a barrel at 2.05pm GMT, after touching a record high of ,93. London Brent crude was up by ,91 at ,75, after a record high of ,85.
Mehdi Army fighters attacked police patrols in southern Baghdad, police said on Friday, further fraying a seven-month-old ceasefire called by Shi’ite cleric Moqtada al-Sadr to rein in his militia. The clashes in Baghdad’s Shurta district, which started late on Thursday and continued into Friday morning, follow outbreaks of violence in the southern Iraqi city of Kut.
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/ 31 January 2008
The Organisation of the Petroleum Exporting Countries (Opec) on Thursday looked set to rebuff consumer calls for more crude oil, saying it was powerless to help stave off recessionary pressures in the West. Enjoying a sixth year of crude price gains, Opec argues it can do little to help avoid a slowdown in the United States, its leading customer.
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/ 11 September 2007
Opec was meeting on Tuesday to consider a modest rise in oil output proposed by Saudi Arabia and other Gulf Arab states in a gesture to consumers worried by the economic impact of oil and rapidly diminishing stocks. But the plan to add 500 000 barrels per day of oil had yet to convince all Opec ministers.