Nigeria oil line on fire; militants claim attack - News and Current Events | futures io social day trading
futures io futures trading

Nigeria oil line on fire; militants claim attack
Updated: Views / Replies:243 / 0
Created: by kbit Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Thread Tools Search this Thread

Nigeria oil line on fire; militants claim attack

  #1 (permalink)
Elite Member
Aurora, Il USA
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
kbit's Avatar
Posts: 5,884 since Nov 2010
Thanks: 3,303 given, 3,334 received

Nigeria oil line on fire; militants claim attack

LAGOS, Nigeria (AP) -- An Eni SpA oil pipeline ruptured and caught fire as a militant group claimed responsibility for an attack in the region, their first alleged assault in months as its purported leader awaits trial on terrorism charges in South Africa.

The Movement for the Emancipation of the Niger Delta also threatened to attack South African interests in an email sent to journalists late Saturday night, as its alleged leader Henry Okah remains imprisoned there.

South African businesses "will pay a heavy price for the interference of (President) Jacob Zuma in the legitimate fight for justice in the Niger Delta, by its people," the statement read. "The South African president has reduced himself to the position of a hired thug."

South African businesses, like mobile phone carrier MTN Group Ltd. and others, have operations throughout Nigeria, Africa's most populous nation with more than 160 million people. While other MEND threats have failed to materialize in the past, Saturday's apparent attack could mean the militant group is willing to begin its assaults again.

The fire happened Saturday night near Brass River in Nigeria's Bayelsa state, home to the nation's President Goodluck Jonathan. Witnesses told a local environmental group they heard the blast from their homes.

In its email, the militant group known by the acronym MEND said it "attacked and destroyed" the pipeline run by a Nigerian subsidiary of Eni.

A Rome-based spokesman for Eni, speaking on condition of anonymity per company policy, acknowledged that either a fire or attack had happened on the pipeline, cutting about 4,000 barrels of crude oil production a day.
Lt. Col. Timothy Antigha, a spokesman for the military in the restive region, acknowledged "claims of a fire" on the pipeline, but said soldiers could not independently verify it.

The attack occurred in the oil-rich Niger Delta, where foreign firms have pumped oil out of the country for more than 50 years. Despite the billions of dollars flowing into Nigeria's government, many in the delta remain desperately poor, living in polluted waters without access to proper medical care, an education or work.

In 2006, militants from groups like MEND started a wave of attacks targeting foreign oil companies, including bombing their pipelines, kidnapping their workers and fighting with security forces. That violence ebbed in 2009 with a government-sponsored amnesty program promising ex-fighters monthly payments and job training. However, few in the delta have seen the promised benefits and scattered kidnappings and attacks continue.

MEND itself, once a powerful, media-friendly militant group in the region, has seen its influence wane over the last year. Its largest major confirmed attacks were a dual car bombing in Nigeria's capital Abuja on Oct. 1, 2010, that killed at least 12 people and the November 2010 kidnapping of seven expatriate workers from offshore oil rigs operated by London-based Afren PLC and Exxon Mobil Corp.

After the Abuja bombings, authorities in South Africa arrested Okah on terrorism charges. His trial there is scheduled to begin Oct. 1.

Okah has repeatedly denied being the leader of the militant group, though Nigeria's government has labeled him as a major arms importer to the region. South African prosecutors also have presented evidence in earlier hearings drawn from Okah's diaries and computer correspondence that they said bolstered accusations he masterminded the October bombings.

Nigeria oil line on fire; militants claim attack - Yahoo! Finance

Reply With Quote


futures io > > > > Nigeria oil line on fire; militants claim attack

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

Wyckoff Hunting for Great Risk/Reward Ratio w/Gary Fullett

Elite only

Digging into the Details of iSystems w/Stage 5 & iSystems

Jun 5

Similar Threads
Thread Thread Starter Forum Replies Last Post
Oil Markets Seen Withstanding Iran Attack Shock kbit News and Current Events 0 January 27th, 2012 09:55 PM
'Euro will be stable' claim is ridiculed kbit News and Current Events 0 January 2nd, 2012 12:47 PM
Eric Sprott Fights PM Manipulation Fire With Fire: Calls Silver Producers To Retain S Quick Summary News and Current Events 0 December 10th, 2011 03:50 AM
Attack on Iran could risk Gulf oil supplies kbit News and Current Events 0 November 15th, 2011 03:59 PM

All times are GMT -4. The time now is 06:16 AM.

Copyright © 2018 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432,
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2018-05-27 in 0.08 seconds with 19 queries on phoenix via your IP