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To: elmatador who wrote (54174)2/18/2006 2:00:27 PM
From: shades  Respond to of 110194
 
Shell: Nigeria Attack Forces 400,000 B/D Export Cut

where are you today El Mat - you better get out of there if you are in the Niger Delta - today it is Oil execs - tomorrow it will be cell phone execs

WARRI, Nigeria (AP)--Armed militants launched a wave of attacks across Nigeria's troubled Niger delta Saturday, blowing up oil installations and seizing nine foreign oil workers in violence that cut oil exports in the West African nation by 400,000 barrels a day.

Shell official Donald Boham said militants attacked the Forcados oil loading platform in the western delta, forcing the company to shut down a facility that moves out 400,000 barrels of oil daily. Nigeria normally produces 2.5 million barrels of oil a day.

(END) Dow Jones Newswires

February 18, 2006 11:42 ET (16:42 GMT)


Nigerian Militants Seize 9 Foreign Oil Workers
(Updates with militant group statement on abduction, and nationalities of those held; attacks on pipelines; other details)

WARRI, Nigeria (AP)--Armed militants launched a wave of attacks across Nigeria's troubled Niger delta Saturday, blowing up oil and gas pipelines and seizing nine foreign oil workers in the latest violence to strike the troubled region.

In an e-mail to The Associated Press, the Movement for the Emancipation of the Niger Delta claimed responsibility for the attacks and for kidnapping the oil workers from a boat belonging to U.S. oil service firm Wilbros. The militants said those abducted included three U.S. citizens, two Egyptians, two Thais, one from the U.K. and one Filipino.

A Wilbros official confirmed the pre-dawn raid, saying more than 40 militants overpowered military guards on the boat near the oil port city of Warri. The official spoke on condition of anonymity because he was not authorized to speak to the media. He said Wilbros was working on a contract with Royal Dutch Shell (RDSA) at the time.

Maj. Said Hammed, spokesman for a military task force charged with security in the Niger Delta, confirmed there was an attack on an oil company, but he had no details.

The militants claimed responsibility for other attacks in the volatile Niger Delta, including attacking Shell's Forcados crude export terminal, the rupturing of a pipeline manifold and blasting of a state-run gas pipeline that feeds gas from the Escravos gas plant in the delta to the country's commercial capital, Lagos.

A Shell spokesman, speaking on condition of anonymity because he was not authorized to speak to the media about the attacks, said one pipeline was ruptured near Shell's Chanomi Creek facility, while another was ruptured and set ablaze near Shell's Forcados export terminal. The Shell official said the fire was quickly put out. Both facilities are in the western delta.

Friday, the British Broadcasting Corp. reported that militant commander Godswill Tamuno had announced his Movement for the Emancipation of the Niger Delta was declaring "total war" on foreign oil interests and warned them to leave the oil-rich southern delta by midnight.

The same group has issued similar threats for more than a month and claimed responsibility for attacking two pipelines and abducting for foreign oil workers who were later released.

The group says it is fighting for greater local control of oil wealth in the impoverished region.

(END) Dow Jones Newswires

February 18, 2006 05:49 ET (10:49 GMT)




To: elmatador who wrote (54174)2/18/2006 2:03:54 PM
From: shades  Respond to of 110194
 
Iraq Lost $6.25B In '05 On Oil Sector Sabotage-Official-2

BAGHDAD (Dow Jones)--Iraq lost $6.25 billion in damage to oil sector installations and lost revenues that could have been generated from crude oil exports in 2005, an Iraqi oil ministry spokesman said Saturday.

Assem Jihad said there were 186 acts of sabotage against Iraqi oil installations in 2005. He also said that 47 oil engineers, technicians and workers, as well as 100 oil police, were killed as a result of insurgent attacks in 2005.

He said losses caused by damage to crude export pipelines and resulting lost revenues were $2.71 billion. Losses from destroyed pipelines carrying oil products and lost products reached $3.1 billion, while losses to damaged oil wells was $400 million, he said.

He said damage to pipelines carrying crude oil to refineries was around $12 million.

Jihad said most of the sabotage took place in the northern oil installations, preventing the country from exporting around 400,000 barrels a day from its northern oil fields via the Turkish port of Ceyhan.

According to figures published last year by the Iraqi oil ministry, Iraq lost around $11.35 in damage to oil sector infrastructure and lost revenues from the time Iraq resumed exports in June 2003 until May 31, 2005.

Iraq is currently producing around 2 million b/d from its southern and northern oil fields. Before the U.S.-led invasion in March 2003, Iraq produced around $2.8 million b/d.

Iraq's crude oil exports - almost all of which are now from the south - are running at around 1.4 million b/d, while before the war they were 2.2 million b/d.

Persistent acts of sabotage to oil installations in the north have kept Iraqi crude oil exports shut down for most of last year except for a few days.

Before the war, Iraq used to export 800,000 b/d from the north.

- By Hassan Hafidh; Dow Jones Newswires; + 88 216 2115 7191; hafidh8@hotmail.com

(END) Dow Jones Newswires

February 18, 2006 04:23 ET (09:23 GMT)