Tags: West Africa | Nigeria | oil | tankers | piracy | pirates

LIGNET: West Africa Chases Oil Riches as Piracy Rises, Prices Drop

Tuesday, 20 Aug 2013 01:33 PM

West African states have not abandoned dreams of oil riches despite a sharp rise in piracy involving oil tankers and changes in the global energy market due to major increases in North American oil and gas production. While Royal Dutch Shell, ConocoPhillips and Brazilian oil giant Petrobras have backed out of the troubled Nigeria oil sector, China has eagerly replaced them. Can it do better?

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