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Thread: 'Nigeria: the context for violence' (2006-2013)

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  1. #1
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    ICG, 5 Nov 07: Nigeria: Ending Unrest in the Niger Delta
    Immediately after the April elections, government officials sounded optimistic about significant early improvement in the Niger Delta. Instead, the intervening months have seen increasingly incendiary threats from MEND and continued volatility in the creeks. On 1 December, at the closing ceremony of the army’s largest combat training program, “Exercise Eagle Ring 5”, Defence Minister Yayale Ahmed expressed concern that despite government efforts toward ending unrest in the Niger Delta, the situation remains a threat to national security, “as militants are still busy carrying out their operations”.

    The Yar’Adua administration has taken the first tentative steps toward confronting the region’s problems but these have to be deepened and sustained. Improving security and building peace in the Delta requires not more rhetoric but determined efforts by government, oil companies, international development agencies and the people of the region alike. The government must go beyond seemingly interminable consultations and quickly come to grips with the core issues that have defined the conflicts in the region for over two decades. If it wastes the present opportunity, worse violence and lawlessness is highly likely.
    Complete 29 page paper at the link.

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    Default Nigeria’s oil output ‘could fall by a third’

    From this mornings Financial Times:

    Nigeria risks losing a third of its oil output by 2015 unless it finds ways to boost investment in joint ventures with foreign energy companies, an internal report by President Umaru Yar’Adua’s energy advisers warns.

    The progess report, seen by the Financial Times, highlights the government’s need to find ways to finance the oil industry in the country. It comes after an internal memo from the Shell Petroleum Development Company late last year that said funding problems could put the existence of the company’s joint venture with the Nigerian government at risk. The fresh warning could add to supply fears that have pushed oil prices to fresh records this week and saw prices reach a record $115.45 a barrel on Thursday.

    Traders are already worried about Russia’s oil production, considered critical to keep up with Asian demand, after warnings from industry executives that production there has peaked at about 10m barrels a day.
    Sapere Aude

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    Default Crude Oil Rises Above $117 as Attackers Cut Nigerian Supply

    From today's Bloomberg News:

    April 21 (Bloomberg) -- Crude oil rose above $117 a barrel in New York after rebel attacks in Nigeria reduced output.

    Royal Dutch Shell Plc said an attack last week in Nigeria, Africa's largest oil producer, forced the suspension of 169,000 barrels a day on top of output lost through previous assaults since 2006. OPEC should help ``replenish'' oil inventories because prices are ``too high,'' International Energy Agency Executive Director Nobuo Tanaka said today.

    ``We are clearly headed over $120 a barrel and we are targeting $125,'' said John Kilduff, vice president of risk management at MF Global Ltd. in New York. ``The last thing we need is another supply disruption. The outage certainly adds to the bullish sentiment.''
    Sapere Aude

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    ISN Security Watch, 27 Jun 08: Niger Delta: Nowhere to Hide
    Militants in Nigeria's southern delta have destroyed the myth that offshore oilfields are safe by attacking, last week, Royal Dutch Shell Plc's Bonga field, which lies some 120 kilometers into Atlantic waters.

    With the Nigerian military apparently unable to stop the attacks, analysts believe the government should either reach a negotiated settlement to the conflict or risk the intervention of foreign powers keen to secure oil supplies....

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