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Violence in Nigeria threatens oil exports
Oil prices are on the upswing again following reports of another attack on an oil pipeline in the Niger River Delta. Nigerian militants say they sabotaged a pipeline belonging to Royal Dutch Shell. The company has not commented on the report.
The rebels claim to have blown up three other pipelines in the past week. Shell says the violence might decrease the amount of oil it can ship out of the country. And Shell is not alone. There are reports today that American oil giant Exxon Mobil might have to delay oil shipments from Nigeria because of a workers strike.
Posted by Lori Stassi on April 25, 2008 8:36 AM PT | Permalink
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