• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 4 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 6 hours Could Someone Give Me Insights on the Future of Renewable Energy?
  • 5 hours How Far Have We Really Gotten With Alternative Energy
  • 2 hours e-truck insanity
  • 2 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 4 days Bankruptcy in the Industry
  • 2 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 5 days The United States produced more crude oil than any nation, at any time.
What to Expect From Xi Jinping's Upcoming Eurotrip

What to Expect From Xi Jinping's Upcoming Eurotrip

Chinese leader Xi Jinping's upcoming…

Tech Leaders Big Big On Green Energy Startups

Tech Leaders Big Big On Green Energy Startups

Sam Altman and Andreessen Horowitz…

Key Oil-Producing State In Nigeria Could Return To COVID Lockdown

The gateway to the oil-rich Delta region in Nigeria could soon find itself under a renewed lockdown to battle rising COVID cases, the governor of the Rivers State says.

If Rivers State goes into lockdown, this could potentially impact the ability of the oil companies operating in the Delta region to move personnel to and from oilfields. Strict restrictions could affect maintenance on facilities and pipelines, as they did in the spring of last year.  

The Niger Delta is the heart of Nigeria’s oil industry, producing all of the onshore crude oil that Africa’s top producer and exporter pumps. 

Rivers State, whose state capital is Port Harcourt, may be forced to reimpose lockdowns if residents continue to ignore measures to prevent the spread of the coronavirus amid low vaccination rates, Nyesom Wike, the governor of the state, said in an address.

“We may be constrained to reimpose the suspended COVID-19 lockdown measures across the state if the transmission of the disease continues to increase beyond tolerable limits,” Wike said in the speech, a copy of which he shared with Reuters on Tuesday.

Residents in Rivers could be “headed for a serious health disaster of profound consequences if residents and visitors continue to behave as if the pandemic no longer exists or is impotent in Rivers State,” Wike said, as carried by local media.

Over the past two weeks, COVID cases in the Rivers State are soaring. The state is the third-worst hit area in Nigeria after Lagos and Abuja, according to Reuters.

Vaccination rates are low in Nigeria, and Rivers governor Wike appealed to residents and local community and religious leaders to encourage more Nigerians to get a vaccine.

ADVERTISEMENT

A lockdown in a key oil-producing state could impact Nigerian production, exports, and economy. According to OPEC estimates, the oil and gas industry accounts for about 10 percent of Nigeria’s GDP, while petroleum exports revenue represents a massive 86 percent of total exports revenue.  

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News