Nigeria Now Loses Fresh N1.3 Billion Daily to #NigerDeltaAvengers Attacks

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Two oil firms operating in Nigeria say they lose 140,000 barrels of crude daily due to recent attacks on their facilities by militants.

The attacks by a militant group, believed to be the Niger Delta Avengers, caused the loss, according to Eni and Aiteo from their oilfields in Bayelsa.

At about $48 per barrel, an estimated $6.72 million (N1.3 billion) daily is lost by the two operators due to the attacks.

Eni, the Italian energy firm and parent company of Nigerian Agip Oil Company (NAOC) said its production was cut by 65,000 barrels per day following Friday’s attack on its pipeline in Bayelsa.

Earlier attacks in the oilfield on May 18 and 24 had resulted in a shutdown of some 5,200 barrels of Eni’s production.

An Eni Spokesperson confirmed the development in an email on Sunday.

“The total deferred production due to the attack is 65,000 barrels of oil equivalent daily

“I can confirm that. There is no further impact on production, since all production from the swamp area has already been stopped days ago.,” the email from Eni’s Media Relations Unit said.

Also, Aiteo, operator of the Nembe Creek Trunk Line said the line was shut after it came under attack on May 28 by militants believed to be members of the Niger Delta Avengers The line conveys crude to Bonny export terminal.

The spokesperson for Aiteo, Shola Omole, said some 75,000 barrels daily production was deferred as the line remained shut.

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