Nigeria: Delta Violence May Delay OPEC Cuts, MEND to Escalate State of Insecurity
28th Feb 2006, 19:15 GMT
VIOLENT unrest in Nigeria that has led to about 30 per cent cut in the country's crude output could persuade OPEC to maintain its level of oil output at a near historic high when it meets next week, an energy analyst has said. There are also indications that the current state of insecurity in the Niger Delta may escalate further shutting in at least half of Nigeria's 2.6 million barrels per day capacity with implications for crude oil pricing.
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