NIGERIA
Oil prices soar amid new attacks
A Royal Dutch Shell PLC joint venture said April 21 it may not be able to deliver some 169,000 barrels per day of crude in April and May because militants sabotaged a pipeline recently in southern Nigeria, where militancy and lawlessness has grown in recent years.
The unrest in Nigeria, the announcement by Shell and a missile attack on a Japanese oil tanker off the east coast of Yemen sent oil prices spiking to a record $117.40 a barrel April 21.
The Movement for the Emancipation of the Niger Delta, or MEND, took credit for the recent pipeline attack.
The Japan Times Weekly: April 26, 2008 (C) All rights reserved
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