ANALYSIS-Nigerian oil crisis may be prolonged by politics
19 Feb 2006 Source: Reuters
By Tom Ashby
LAGOS, Feb 19 (Reuters) LAGOS – World energy markets could face a prolonged shortfall of Nigerian oil supply. That’s after militants halted 21 per cent of the OPEC nation’s exports. Moreover and kidnapped nine foreigners, This came what analysts and diplomats said on Sunday.
Most noteworthy and in the run-up to Nigeria’s presidential elections. In addition, the violence in the unstable Niger Delta. For they threaten the country’s unity. Moreover it could result in the break-up of the ruling party. That’s real damage regional stability and roil global oil markets. Furthermore, the Eurasia Group in a recent research note added the same points.
In the immediate term, the hostages could be used by militants. Especially to prevent Royal Dutch Shell from resuming exports. For that’s from two big export hubs. Most importantly or as human shields to forestall a military reprisal. For that’s setting the scene for a lengthy stand-off. Especially in the world’s eighth largest exporter.
“We will keep them for as long as we possibly can,” the militants said in an e-mail to Reuters on Sunday, adding that they would be used as human shields.
“They will be moved around with our units and, should they come across the Nigerian army, they will serve their purpose.”