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Article

2 Aug 2010

Author:
Elisha Bala-Gbogbo, Bloomberg

Nigeria Oil Producers Agree to Set Up Fund to Cover Costs of Oil Spills

International oil companies operating in Nigeria’s Niger Delta region agreed to set up a fund to cover the costs of oil spills, the country’s environment minister said. There were about 3,000 reported cases of spills between 2006 and 2010 in the delta region, where most of Nigeria’s oil fields are located, minister John Odey said... State governors from the southern oil-producing region in June asked President Goodluck Jonathan’s government to implement tougher regulations on energy companies, saying that oil-spills and pollution have caused extensive damage to the environment. Energy companies say most of the spills recorded in the delta in recent years were caused by criminal gangs who steal crude from pipelines. [refers to Shell, Exxon Mobil, Chevron, Total, Eni, Nigerian National Petroleum Corp.]