Saturday, January 3, 2009

Terrorist Attack on Nigerian Oil Pipeline

Another oil pipeline in Nigeria was possibly attacked by major terrorist group Emancipation of the Niger Delta, which demands funds from the oil transferred through the pipeline.

There's also a possibility that two tribal communities, the Ogulagha and the Odimodi, may have participated in the attack, as they have fought over land ownership for some time that the pipeline runs on, battling for a higher share of the money.

Over the last couple years, ongoing attacks on oil pipelines has resulted in production declining by 25 percent in Nigeria. Italy's Agip, subsidiary of Italian energy behemoth Eni SpA, owns the pipeline.

Nigeria is the United States fifth-largest supplier of oil.

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