Oil militants threaten to attack Nigeria’s oil sector within days

Nigerian militant group Niger Delta Avengers said on Wednesday it will launch attacks on the country’s oil sector in the next few days.

The group said in a statement on its website that “this round of attacks will be the most deadly and will be targeting the deep sea operations of the multinationals.”

On November 3, 2017, the group, which attacked oil facilities in 2016, said it had ended a ceasefire pact with the country’s government.

Nigeria, the biggest oil producer in Africa still grapples with the challenge of fuel scarcity across the country, as the scarcity continued to bite harder, majorly due to the dilapidated state of its domestic refineries performing so badly compared with other nations and the caps on its domestic prices, according to industry experts.

The Nigerian National Petroleum Corporation is also looking for investment in an effort to revive its industry and achieves 90 percent utilisation of the plants by 2019, exceeding even the U.S., giving the country a mountain to climb after the monthly rate fell as low as 6.3 percent in September.

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