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Chevron Resumes Output at Nigeria Oil Pipeline
Sectors:Oil and Gas
Companies:Chevron Corp
By: Reuters | 15 Jul 2008 | 04:18 AM ET
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U.S. oil major Chevron said on Tuesday production has been restored at its 120,000-barrel per day Escravos crude oil pipeline in Nigeria, nearly a month after armed youths sabotaged it.

"The pipeline is back into service and production is restored," said Chevron spokeswoman Margaret Cooper.

Gunmen in June sabotaged Chevron's Abiteye-Olero crude oil pipeline in the country's restive Niger Delta, slashing output in the world's eighth largest exporter.

Chevron [CVX  Loading...      ()] was forced to declare a force majeure on Escravos shipments following the attack, which released the company from its contractual obligations.

A wave of attacks in the West African country has cut production by a fifth since early 2006, helping push world oil prices to record highs.

Violence in the Niger Delta stems from a complex set of factors including poverty, lack of basic services, corruption among government officials and security forces, resentment toward foreign oil companies, and political thuggery.

Copyright 2009 Reuters. Click for restrictions.
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