Nigeria faces severe threat to its oil industry from upsurge in violence

摘要

Suffering already from a slump in export revenues, Nigeria has received an additional blow this year from a rise in attacks on the country's oil industry, which have led to cuts in production, reducing export revenues further, and threatening future levels of investment, as well as delaying much-needed reforms to the country's problem-hit and inefficient oil industry. Oil production has fallen to a 27-year low and refinery output has been cut, causing widespread shortages of fuel.