Middle East Economic Survey


No 4



Nigerian Oil Output Down By 225,000 B/D As Sabotage, Hostage-Taking Hits Shell Operations

Shell production in Nigeria was down last week by 225,000 b/d or some 10% of national output as the ongoing sabotage and hostage-taking continued to take its toll on the countrys oil operations. On 18 January, militants threatened to extend their campaign of attacks to other operators in the Niger Delta, which include Total, Eni, ChevronTexaco and...