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By George Dwyer
Washington, DC
22 February 2006
watch Nigerian Oil report
Militants2 in Nigeria's oil-rich Niger River Delta3 claim to have struck again. Only days after kidnapping a group of foreign oil workers, it now appears they have sabotaged4 a key production facility, reducing oil exports from Nigeria, and making oil traders nervous.
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Nigerian oil platform attacked by rebels
The most recent violence has caused oil production in Nigeria, one of the worlds top-10 oil producing nations, to drop by 20 percent. Oil installations belonging to Royal Dutch Shell have been attacked by a militant1 group. As a result, global prices have risen by about a dollar and a half per barrel. Nigeria supplies 2.8 percent of the world's oil.
The attack comes just days after nine oil workers employed by a U.S.-based oil services firm were taken hostage by militants claiming to belong to the same group, called M-E-N-D.
The Niger River Delta has been wracked with violent ethnic5 clashes in recent years, with armed groups seeking a greater share of the region's oil and demanding reparations from overseas oil companies for environmental pollution. Continued conflict in the region would likely lead to even higher world oil prices.
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