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Militant attacks have cut Nigerian oil output by half a million bpd

LONDON/LAGOS (Reuters) - Nigeria's oil production has fallen by at least half a million barrels per day (bpd), Reuters calculations show, because of militant attacks in the Niger Delta region, most claimed by a new group calling itself the Niger Delta Avengers. The group has made multiple attacks on infrastructure belonging to oil majors Shell, ENI and Chevron, vowing to reduce output to zero in...
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Added June 07, 2016
from Yahoo Nigerian News